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Events / Business / Getty Images Acquires Shutterstock
Business acquisition

Getty Images Acquires Shutterstock

Analysis based on 7 articles · First reported Jan 07, 2025 · Last updated Jan 07, 2025

Sentiment
70
Attention
6
Articles
7
Market Impact
General
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Market Impact

The acquisition of Shutterstock by Getty Images is expected to create a US$3.7 billion visual content company, leading to significant stock price increases for both Getty Images and Shutterstock. This merger aims to enhance product offerings and achieve cost synergies, positively impacting the visual content market.

visual content technology
Event Summary

Getty Images is acquiring Shutterstock in a deal valued at US$3.7 billion, forming a combined visual content company that will operate under the Getty Images name and continue to trade on the New York Stock Exchange under the 'GETY' ticker symbol. Craig Peters, CEO of Getty Images, will lead the new entity, with Paul Hennessy, CEO of Shutterstock, joining the board. Getty Images shareholders will own approximately 54.7% of the combined company, while Shutterstock stockholders will own about 45.3%. Shutterstock shareholders have options to receive cash, Getty Images stock, or a mixed consideration for their shares. The merger is driven by the increasing demand for visual content and aims to expand creative content libraries, enhance product offerings, and capitalize on growth opportunities, especially in the face of competition from AI-generated images. Both Getty Images and Shutterstock saw their stock prices surge significantly following the announcement.

Entities Involved
priv
Getty Images
Getty Images is acquiring Shutterstock, forming a larger visual content company. Its stock soared more than 58% (and up to 73%) on the news, and its shareholders will own about 54.7% of the combined entity.
Importance 100.0 Sentiment 80.0
stock
Shutterstock
Shutterstock is being acquired by Getty Images, creating a US$3.7 billion visual content company. Its stock jumped more than 30% before the market opened, and its stockholders will own approximately 45.3% of the combined company.
Importance 100.0 Sentiment 70.0
per
Craig Peters
Craig Peters, CEO of Getty Images, will serve as CEO of the combined Getty Images and Shutterstock business, highlighting his leadership role in the merger.
Importance 80.0 Sentiment 70.0
per
Paul Hennessy
Paul Hennessy, CEO of Shutterstock, expressed excitement about the merger and will join the board of the combined Getty Images company, indicating his continued involvement.
Importance 70.0 Sentiment 60.0
per
Mark Getty
Mark Getty, current chairman of Getty Images, will serve as chairman of the board for the combined Getty Images company.
Importance 60.0 Sentiment 60.0
exch
New York Stock Exchange
The combined Getty Images company will continue to trade on the New York Stock Exchange under the 'GETY' ticker symbol.
Importance 10.0 Sentiment 0.0
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