Shutterstock and Getty Images to join and become huge visual content company

7 January 2025, 12:14

Craig Peters will serve as CEO of the combined business (Alamy)
Dobrich, Bulgaria – January 04 2025: mobile phone on a laptop showing the merging of Getty Images with Shutterstock. The concept of microstock merger. Picture: PA

Craig Peters will serve as CEO of the combined business.

Visual content companies Shutterstock and Getty Images will join to become a 3.7 billion dollars (£3 billion) visual content company.

The companies said on Tuesday that they have complementary portfolios, and the transaction creates a broader set of visual content products across still imagery, video, music, 3D and other asset types.

“With the rapid rise in demand for compelling visual content across industries, there has never been a better time for our two businesses to come together,” Getty Images CEO Craig Peters said in a statement.

Mr Peters will serve as CEO of the combined business.

At the deal’s closing, Shutterstock shareholders can choose to receive either approximately 28.85 dollars per share in cash for each share of Shutterstock common stock they own; about 13.67 shares of Getty Images common stock for each share of Shutterstock common stock they own; or a mixed consideration of 9.17 shares of Getty Images common stock plus 9.50 dollars in cash for each share of Shutterstock common stock they own.

The combined company will keep the Getty Images name and will continue to trade on the New York Stock Exchange under the “GETY” ticker symbol.

By Press Association

Latest World News

See more Latest World News

President Trump Hosts Japan's Prime Minister Shigeru Ishiba At The White House

Donald Trump slams brakes on some China tariffs in third trade war U-turn

A British man found dead with his wife inside their isolated French villa

British couple found dead in French villa named as fears former organised crime financial investigator was 'murdered'

At least two dead after the plane crashed in Sao Paulo

Plane crash claims at least two lives as light aircraft smashes into a bus in Sao Paulo

The Bering Air Caravan was heading from Unalakleet to Nome

Search under way as Bering Air plane carrying 10 people disappears while flying over Alaska

A British couple was reportedly found dead by a neighbour in Les Pesquiès, south of Villefranche-de-Rouergue.

British couple found dead inside 'isolated' French villa in 'feared burglary gone wrong'

Inga Gehricke, five, went missing following a family barbecue in Germany back in 2015.

Police launch fresh search efforts for missing girl linked to prime Madeleine McCann suspect

A utility firm has admitted its equipment started one of the LA fires last month.

California utility says its equipment likely sparked fire that raged through LA

Salim Iskef, 29, was one of ten people killed by lone gunman Rickard Andersson, 35, at Orebro's Risbergska adult education centre on Tuesday.

Heartbreaking final words of Sweden mass shooting victim shared with mum and fiancé revealed

Donald Trump is reportedly set to unveil his 100-day peace plan for Ukraine next week.

Donald Trump poised to unveil '100-day' peace plan for Ukraine next week

During a visit from Israeli Prime Minister Benjamin Netanyahu, Donald Trump announced plans for US ownership of the Gaza Strip, declaring "the Gaza thing has never worked."

Donald Trump claims no US troops will be needed for his plan to turn Gaza Strip into 'Riviera of the Middle East’

The chilling footage was reportedly taken by a student at the school.

Chilling Sweden mass shooting footage reveals 'gunman's scream' before opening fire and killing 10

Ebony McIntosh passed away aged 24.

Tributes pour in for beloved Brit travel influencer who died suddenly on 'dream' trip to Sri Lanka

President of Ukraine Volodymyr Zelensky says any peacekeeping force for Ukraine needs American soldiers.

Zelensky warns any peacekeeping force for Ukraine without US troops would be a 'win for Russia'

Two planes collide at Seattle Airport as Japan Airlines' wing slices through tail of Delta aircraft

Two planes collide at Seattle Airport as Japan Airlines' wing slices through tail of Delta aircraft

Russia's President Vladimir Putin

Ukraine accuses Russian spies of orchestrating bomb attacks on army offices

Nigel Farage has said he finds Donald Trump's plan for the US to own Gaza "very appealing".

Nigel Farage says Donald Trump's plan to 'take over Gaza' sounds 'very appealing'