Visual content developers and entertainment and media investors were elated when Shutterstock (NYSE: SSTK) and Getty Images ...
This news was welcomed by investors of both companies, with GETY stock rising 25% and SSTK stock rising 14% on Tuesday, ...
Before Tuesday's opening bell, Seattle-based Getty and stock-photo rival Shutterstock said they would merge to form a company worth about $3.7 billion. The combined companies would aim to meet booming ...
The deal, presented as a merger of equals, will create a company worth $3.7Bn with annual revenue of around $2Bn.
The stock had risen to a new all-time high of $149.43 a share on Monday but Huang failed to deliver short-term promises to ...
Shares of both companies surged on the news, with Shutterstock advancing 19% to $35.80 and Getty rising 25% to $3.22, on track for its biggest percentage increase in nearly two years. Getty was ...
Getty Images CEO Craig Peters will oversee the company formed following Getty's mergers with Shutterstock. (Getty Images ...
Getty Images is the bigger company of the two, and its shareholders will own approximately 54.7% of the new entity, while ...
Getty Images is buying Shutterstock to create a $3.7 billion visual content company. The merger comes at a time when ...
Merged company will be well-positioned to meet the evolving needs of creative, media, and advertising industries through combined investment in ...
Getty Images Holdings Inc. (NYSE:GETY) is reportedly exploring a potential merger with rival Shutterstock Inc. (NYSE:SSTK).
TikTok creators are posting videos promoting ways to get around a looming shutdown of the app in the US, which could spell ...