The Future Of Stock Media After Getty And Shutterstock Join Forces
Under the terms of the agreement, the combined company will retain the Getty Images name and continue trading under the NYSE ticker symbol "GETY." Craig Peters, current CEO of Getty Images, will lead the merged entity, while Shutterstock's CEO Paul Hennessy will join the eleven-member Board of Directors.
The deal, presented as a merger of equals, will create a company worth $3.7Bn with annual revenue of around $2Bn.
The companies said Tuesday that they have complementary portfolios and that a merger will provide customers with a broader ...
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