Reported 1 day ago
Getty Images is set to acquire Shutterstock, forming a $3.7 billion visual content company amid rising competition from AI-generated images. The merger aims to enhance their portfolios and offer customers a wider range of visual media, including still images, videos, and music. Getty Images' CEO Craig Peters will lead the combined entity, which will operate under the Getty Images name and continue trading on the NYSE as 'GETY'.
Source: YAHOO