Getty Images, Shutterstock to Combine in $3.7 Billion Deal
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Getty Images and Shutterstock are set to merge in a $3.7 billion deal, with Getty shareholders owning 54.7% of the combined entity, which will retain the Getty name. Shares of both companies rose following the announcement.
January 07, 2025 | 8:30 pm
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Shutterstock is merging with Getty Images in a $3.7 billion deal, leading to a surge in its stock price. Getty shareholders will own a majority stake in the combined company.
The merger with Getty Images is a significant corporate event for Shutterstock, likely to impact its market position and financials positively. The immediate market reaction was a surge in stock price, indicating investor optimism.
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