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Getty Images and Shutterstock to merge, forming $3.7 billion stock image giant

01/07/2025

Less than a minute

2025.01.07 07:46

(Reuters) -Getty Images said on Tuesday it will merge with rival Shutterstock (NYSE:) to create a $3.7 billion stock image powerhouse in a deal that would help the companies navigate the AI era, but likely attract antitrust scrutiny.

Shutterstock’s shares were up 9.9% in premarket trading, while shares of Getty Images were up 18.7%.

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

© Reuters. FILE PHOTO: Craig Peters, CEO of Getty Images, speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo

At close, Getty Images’ CEO, Craig Peters, will serve as CEO of the combined company.

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

01/07/2025

Less than a minute