Getty Images to Acquire Shutterstock to Create $3.7 Billion Firm
This article is for subscribers only.
Getty Images Holdings Inc. agreed to acquire rival stock-photo provider Shutterstock Inc. in a deal that would create a combined company worth about $3.7 billion including debt.
Getty Images offers to pay about $28.85 in cash, or roughly 13.67 Getty Images shares for each Shutterstock share, according to a statement on Tuesday, confirming an earlier Bloomberg News report. Shutterstock shareholders could also opt to be paid in a mix of cash and Getty shares.