The companies said on Jan 7 that they have complementary portfolios, and the transaction creates a broader set of visual content products across still imagery, video, music, 3D, and other asset types.
Visual content companies Shutterstock and Getty Images will join to become a USD 3.7 billion visual content company.
The companies said on Jan 7 that they have complementary portfolios, and the transaction creates a broader set of visual content products across still imagery, video, music, 3D, and other asset types.
“With the rapid rise in demand for compelling visual content across industries, there has never been a better time for our two businesses to come together," Getty Images CEO Craig Peters said in a statement on Jan 7.
Peters will serve as CEO of the combined business.
At the deal's closing, Shutterstock shareholders can choose to receive either approximately USD 28.85 per share in cash for each share of Shutterstock common stock they own, about 13.67 shares of Getty Images common stock for each share of Shutterstock common stock they own, or a mixed consideration of 9.17 shares of Getty Images common stock plus USD 9.50 in cash for each share of Shutterstock common stock they own.
The combined company will keep the Getty Images name and will continue to trade on the New York Stock Exchange under the Getty's ticker symbol.
(PTI Syndicate: AP)
Japan's ambassador to India, visited the Dholera Special Investment Region (SIR) to discuss potential strategic collaboration in smart cities and semiconductors
An Indian business has been chosen by the Defence Ministry to set up a Maintenance, Repair, and Overhaul (MRO) facility for the S-400 "Sudarshan Chakra" air defence system
A specialised team within India's biotech authority has given HTBt cotton a favourable biosafety evaluation
At Visakhapatnam, the Indian Navy will launch INS Nistar, its first Diving Support Vessel (DSV) that was built locally
An MOU has been signed by Indian Railways and DFCCIL to deploy AI-powered Machine Vision-Based Inspection Systems (MVIS)
Mastermind of ₹49,000 crore PACL scam Gurnam Singh arrested in Punjab after duping 5 crore investors
Insurgents kill 9 Punjab passengers after ID checks in Pakistan’s Balochistan
UP's Chhangur Baba accused in ₹500 crore conversion racket with money trail from Muslim nations via Nepal
SC flags citizenship, timing, and due process as key concerns in Bihar voter list revision
6-year-old Afghan girl forced to marry man 45, as Taliban greenlights child bride culture
Japan's ambassador to India, visited the Dholera Special Investment Region (SIR) to discuss potential strategic collaboration in smart cities and semiconductors
An Indian business has been chosen by the Defence Ministry to set up a Maintenance, Repair, and Overhaul (MRO) facility for the S-400 "Sudarshan Chakra" air defence system
A specialised team within India's biotech authority has given HTBt cotton a favourable biosafety evaluation
At Visakhapatnam, the Indian Navy will launch INS Nistar, its first Diving Support Vessel (DSV) that was built locally
An MOU has been signed by Indian Railways and DFCCIL to deploy AI-powered Machine Vision-Based Inspection Systems (MVIS)
Mastermind of ₹49,000 crore PACL scam Gurnam Singh arrested in Punjab after duping 5 crore investors
Insurgents kill 9 Punjab passengers after ID checks in Pakistan’s Balochistan
UP's Chhangur Baba accused in ₹500 crore conversion racket with money trail from Muslim nations via Nepal
SC flags citizenship, timing, and due process as key concerns in Bihar voter list revision
6-year-old Afghan girl forced to marry man 45, as Taliban greenlights child bride culture
Copyright© educationpost.in 2024 All Rights Reserved.
Designed and Developed by @Pyndertech