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

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.

Topics

Visual poetry through music

How the filmmakers behind 'A Complete Unknown' embraced the grit of the New York streets.
Los Angeles Times - 3h
Meta Drops Rules Protecting LGBTQ Community as Part of Content Moderation Overhaul

The changes included allowing users to share “allegations of mental illness or abnormality when based on gender or sexual orientation.”
The New York Times - 17h
Panama Canal’s Expansion Opened Routes for Fish to Relocate

A multibillion-dollar expansion helped the canal accommodate king-size cargo ships. It might also be fueling ecological upheaval.
The New York Times - 17h
Getty Images, Shutterstock to Combine in $3.7 Billion Deal

Getty shareholders will own about 54.7% of the combined company, which will retain the Getty name. Shares of both companies surged on the news.
The Wall Street Journal - 18h
Shutterstock and Getty Images will join to become a $3.7B visual content company

Visual content companies Shutterstock and Getty Images will join to become a $3.7 billion visual content company
ABC News - 1d
Phillips 66 to Buy EPIC NGL for $2.2 Billion

Phillips 66 will buy EPIC NGL for $2.2 billion to help the Houston oil refiner grow its Permian midstream business.
The Wall Street Journal - 1d
Getty’s stock soars 42% after image company agrees to merge with Shutterstock in $3.7 billion deal

The deal is expected to generate annual cost synergies of $150 million to $200 million by year three and to boost earnings and cash flow by year two.
MarketWatch - 1d
MicroStrategy’s latest capital-raise plans are for $2 billion of preferred stock to buy more bitcoin

The move is part of the company’s plan to issue $21 billion of equity and $21 billion in fixed-income instruments over the next three years.
MarketWatch - 1d

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

Topics

Related

Visual poetry through music

Meta Drops Rules Protecting LGBTQ Community as Part of Content Moderation Overhaul

Panama Canal’s Expansion Opened Routes for Fish to Relocate

Getty Images, Shutterstock to Combine in $3.7 Billion Deal

Shutterstock and Getty Images will join to become a $3.7B visual content company

Phillips 66 to Buy EPIC NGL for $2.2 Billion

Getty’s stock soars 42% after image company agrees to merge with Shutterstock in $3.7 billion deal

MicroStrategy’s latest capital-raise plans are for $2 billion of preferred stock to buy more bitcoin

More from NBC News

KNBC coverage of L.A. wildfires, driven by powerful winds

Three fires grow, forcing at least 80,000 evacuations around L.A.

Wildfire turns scenes of L.A. into a nightmare of burning homes and fleeing residents

Nursing home in Pasadena evacuated as thick smoke from wildfire approaches

Los Angeles wildfires: TODAY's Al Roker tracks Santa Ana winds

More in Top stories

Biggest modern-day FA Cup third-round upsets

Italy Says Cecilia Sala, Journalist Detained by Iran, Has Been Released

Europe will not allow attacks, says France, after Trump Greenland threat

Tips for cutting down winter heating costs and electricity bills

California windstorm fuels Pacific Palisades wildfire, 2 others as residents flee