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Getty and Shutterstock Merge in $3.7 Billion Deal

1/7/2025

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Summary

Story summary

Getty and Shutterstock are merging for $3.7 billion to enhance their position in the visual content market amid AI competition.
Craig Peters will serve as CEO of the new entity, Getty Image Holdings, trading under "GETY."
Shareholders can opt for cash or stock, with Getty holding 54.7% and Shutterstock 45.3%.
The merger targets $150-$200 million in cost savings over the next three years.

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Story summary

Getty and Shutterstock are merging for $3.7 billion to enhance their position in the visual content market amid AI competition.
Craig Peters will serve as CEO of the new entity, Getty Image Holdings, trading under "GETY."
Shareholders can opt for cash or stock, with Getty holding 54.7% and Shutterstock 45.3%.
The merger targets $150-$200 million in cost savings over the next three years.