Getty Images presents to pay about $28.85 (roughly Rs. 2,476) in money, or roughly 13.67 Getty Images shares for every Shutterstock share, based on an announcement on Tuesday, confirming an earlier Bloomberg News report. Shutterstock shareholders might additionally choose to be paid in a mixture of money and Getty shares.
For the transaction, Getty Images is predicted to pay $331 million (roughly Rs. 2,841 crore) in money and 319.4 million of its personal shares. Upon completion, Getty Images holders will personal about 54.7 p.c of the mixed firm, whereas Shutterstock shareholders will personal the remaining. Craig Peters, Getty Images’s chief govt officer, will serve in the identical function for the mixed entity.
The deal convey collectively two of the largest suppliers of licensed visible content material within the US as synthetic intelligence upends the content-creation market and cellphone cameras dilute the worth of inventory pictures. It will marry Getty Images’ immense library of pictures, illustrations and movies with Shutterstock’s big searchable platform that lets contributors add their content material.
As of Monday’s shut, Getty Images — which has about $1.4 billion (roughly Rs. 12,017 crore) in debt —- had misplaced about 73 p.c of its market worth since going public in July 2022 through a blank-check deal. Shutterstock has fallen about 50 p.c over the identical time interval. Following the announcement on Tuesday, Shutterstock jumped as a lot as 44 p.c in premarket buying and selling, whereas Getty surged as a lot as 100%.
The corporations are banking that by coming collectively they’ll minimize prices and increase profitability by providing a broader suite of providers to the media, promoting and content material creation industries.
Antitrust Risk
The pairing can even be an early check of how amenable the Trump administration’s incoming antitrust overseers shall be of mergers amongst main gamers in pretty concentrated industries, after the Biden administration blocked high-profile offers within the grocery store and airline industries. While this transaction is probably going to attract intense scrutiny, it underscores how dealmakers are optimistic that regulators could have a lighter contact—a minimum of in sure sectors.
Seattle-based Getty Images was co-founded in 1995 by Chairman Mark Getty of the rich Getty household. He is a director at Getty Investments, which holds about 43 p.c of the corporate’s excellent shares, based on information compiled by Bloomberg.
Over the many years, the corporate has been out and in of the general public markets and adjusted arms just a few occasions. Hellman & Friedman took it personal in 2008 and bought it 4 years later to Carlyle Group Inc. The Getty household took management of the corporate in 2018 and bought a minority stake that 12 months to Koch Industries Inc.’s funding arm.
The household agreed in 2021 to merge the corporate with a blank-check automobile backed by CC Capital and Neuberger Berman.
Berenson & Co. and JPMorgan Chase & Co. are monetary advisers to Getty Images, whereas Allen & Co. is monetary adviser to Shutterstock.
© 2025 Bloomberg L.P.
(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)
Catch the newest from the Consumer Electronics Show on Gadgets 360, at our CES 2025 hub.
