Getty Images And Shutterstock Merge To Create $3.7B Visual Content Giant
Under the terms of the agreement, the combined company will retain the Getty Images name and continue trading under the NYSE ticker symbol "GETY." Craig Peters, current CEO of Getty Images, will lead the merged entity, while Shutterstock's CEO Paul Hennessy will join the eleven-member Board of Directors.
Before Tuesday's opening bell, Seattle-based Getty and stock-photo rival Shutterstock said they would merge to form a company worth about $3.7 billion. The combined companies would aim to meet booming ...
This news was welcomed by investors of both companies, with GETY stock rising 25% and SSTK stock rising 14% on Tuesday, ...
The companies said Tuesday that they have complementary portfolios and that a merger will provide customers with a broader ...
Woven by Toyota, a subsidiary of the company, is investing around $44.4 million (7 billion yen) in Japanese space startup ...
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