• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

Getty Images to buy Shutterstock as part of $3.7 billion visual content expansion

by January 8, 2025
written by January 8, 2025

Getty Images said on Tuesday it would merge with rival Shutterstock to create a $3.7 billion stock image powerhouse geared for the artificial intelligence era, in a deal that would likely draw antitrust scrutiny.

The move comes at a time when the licensed visual content industry is facing threats from generative AI tools such as Midjourney and OpenAI’s DALL-E, which can generate images and video in response to a simple text prompt from users.

Under the deal, Shutterstock shareholders can opt to receive either $28.80 per share in cash, or 13.67 shares of Getty Images, or a combination of 9.17 shares of Getty and $9.50 in cash for each Shutterstock share they own.

Shutterstock’s shares jumped 26.5% in premarket trading, while Getty Images was up 50.2%. Stocks of both the companies have declined for at least the past four years, as the rising use of mobile cameras drives down demand for stock photography.

The deal will help the companies in enhancing “content offerings, expanding event coverage and delivering new technologies,” said Craig Peters, CEO of Getty Images.

Peters will serve as the CEO of the combined company, of which Getty Images investors will own about 54.7% and Shutterstock stockholders will own the rest.

Getty competes with Reuters and the Associated Press in providing photos and videos for editorial use.

The deal is expected to generate between $150 million and $200 million in annual cost savings by the third year of the combined company.

It will be named Getty Images Holdings and will continue to trade on the New York Stock Exchange under the ticker symbol “GETY.”

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
AG Merrick Garland intends to release Special Counsel Jack Smith report on Trump election case
next post
Biden says he is still considering pre-emptive pardons for Trump targets Liz Cheney, Fauci and others

related articles

JPMorgan marks 1,000th branch opening since 2018 expansion...

August 1, 2025

Apple crushes Wall Street expectations as iPhone sales...

August 1, 2025

Ontario cancels internet deal with Musk’s Starlink as...

July 31, 2025

Trump ends de minimis exemption for global low-cost...

July 31, 2025

Recall warns some Celsius energy drink cans accidentally...

July 31, 2025

Union Pacific to buy Norfolk in $85 billion...

July 29, 2025

Things are getting better at Boeing under CEO...

July 29, 2025

Elon Musk confirms Tesla has signed a $16.5...

July 28, 2025

Palantir joins list of 20 most valuable U.S....

July 26, 2025

FCC greenlights Paramount’s $8 billion merger with entertainment...

July 25, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Senate Democratic Whip declares support for Rubio confirmation: ‘Many similar views on foreign policy’

    January 14, 2025
  • Stock exchange bloodbath: Wall Street’s ‘Fear Index’ VIX soars, nears pandemic market rout

    August 5, 2024
  • ‘Greater reckoning’: Obama’s spot in the Democratic sun fading after Harris loss

    December 27, 2024
  • Robert F. Kennedy Jr. to address America on Friday about the ‘present historical moment and his path forward’

    August 21, 2024
  • The great airlift: how Apple ferried 1.5M iPhones from India to the US to beat Trump tariffs

    April 10, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,603)
  • Investing (634)
  • Stock (867)

Latest Posts

  • Here’s a closer look at Trump’s tariff plan: What to know about the new duties

    April 3, 2025
  • Trump says ‘I can’t believe I said that’ when asked if he still thinks Zelenskyy is a dictator

    February 28, 2025
  • Farm state Republicans appear skeptical about RFK amid his quest for HHS confirmation

    December 18, 2024

Recent Posts

  • Obama takes subtle swipe at Vance while praising Walz as ‘ideal’ Harris running mate

    August 6, 2024
  • Ripple and Tron: New support levels on Thursday

    October 10, 2024
  • Special Counsel Smith seeks to dismiss Jan. 6 charges, appeal in classified records case against Trump

    November 25, 2024

Editor’s Pick

  • White House pushes back on report claiming some canceled DOGE contracts won’t save taxpayers money

    February 25, 2025
  • State attorneys general ask SCOTUS to uphold TikTok divest-or-ban law amid Trump request to pause ban

    December 29, 2024
  • Trump’s Gaza ‘takeover’ rankles America First conservatives, allies suggest negotiator-in-chief is at work

    February 6, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock