Shutterstock Inc is a global creative platform that provides high-quality visual content, including images, videos, and music, to businesses and individuals
The company connects photographers, videographers, and musicians with customers seeking to enhance their projects and presentations. Through its extensive library and user-friendly search tools, Shutterstock enables users to easily find and license essential creative assets for various purposes, from advertising and marketing to editorial and personal use. Additionally, the company offers valuable insights and analytics to help clients maximize the impact of their creative endeavors.
Shutterstock and Getty Images merger creates a powerful new force in the rapidly expanding visual content market, promising significant growth potential.
Shares of stock photography and footage provider Shutterstock (NYSESSTK) jumped 39.8% in the pre-market session after the company confirmed it is being acquired by Getty Images. Shutterstock shareholders have three options for their payout: they can receive approximately $28.85 in cash per share, exchange each of their shares for about 13.67 shares of Getty Images (GETY) common stock, or opt for a mixed package of 9.17 shares of GETY stock and $9.50 in cash for each Shutterstock (SSTK) share they own.
Getty Images and Shutterstock will merge to create a leading visual content company worth $3.7 billion, offering a diverse library and opportunities for contributors.
Getty Images considers a merger with Shutterstock amid shifting market dynamics and antitrust concerns, highlighting challenges in the visual content sector.
Shares of stock photography and footage provider Shutterstock (NYSESSTK) jumped 9.3% in the afternoon session after Bloomberg reported that the company (SSTK) is discussing a potential merger with Getty Images. The sources added that talks are ongoing, and it is still possible that a deal won't be finalized.
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