News of the merger sent Getty stock surging by nearly 60% in pre-market trading on Tuesday. The stock was selling at $2.57 a ...
Getty Images said on Tuesday it would merge with rival Shutterstock to create a $3.7 billion stock-image powerhouse geared ...
The two big players in the licensed visual content will pair up to counter threats from artificial intelligence tools like Midjourney.
Under the terms of the agreement, the combined company will retain the Getty Images name and continue trading under the NYSE ...
This news was welcomed by investors of both companies, with GETY stock rising 25% and SSTK stock rising 14% on Tuesday, ...
Getty says that the merger will allow for a larger investment in “innovative content creation,” including generative AI, ...
The deal, presented as a merger of equals, will create a company worth $3.7Bn with annual revenue of around $2Bn.
The merger will help them stave off the threats of artificial intelligence and cell phone cameras, both of which can be used ...
The giant commercial photo and video providers are grappling with the emergence of artificial intelligence tools that have ...
Two giants of the stock image industry, Getty Images and Shutterstock, are merging to create a $3.7 billion powerhouse built ...
Getty Images and Shutterstock have announced that they are to merge, forming a new $US3.7 billion ($AU 5.94 billion) company ...
Shutterstock are joining forces in a merger valued at around $3.7 billion, the companies announced on Tuesday. The merger ...