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Getty Images, Shutterstock agree to merge in $3.7B deal

Cryptopolitan on MSN · 1d

Getty images and Shutterstock announced $3.7 billion merger amid AI disruption in stock image industry

Two giants of the stock image industry, Getty Images and Shutterstock, are merging to create a $3.7 billion powerhouse built for the age of artificial intelligence. According to a report by Reuters on Tuesday,

Shutterstock and Getty Merge to Meet AI Challenge in $3.7 Billion Deal

The two big players in the licensed visual content will pair up to counter threats from artificial intelligence tools like Midjourney.

New York Post on MSN · 1d

Getty Images, Shutterstock agree to merge in $3.7B deal as AI competition heats up

News of the merger sent Getty stock surging by nearly 60% in pre-market trading on Tuesday. The stock was selling at $2.57 a share on Monday.

DPReview on MSN1d

Getty Images buys rival Shutterstock to create "Premier Visual Content Company"

The deal, presented as a merger of equals, will create a company worth $3.7Bn with annual revenue of around $2Bn.

15h

What's Happening With Adobe Stock?

This news was welcomed by investors of both companies, with GETY stock rising 25% and SSTK stock rising 14% on Tuesday, ...

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