Getty Images and Shutterstock are joining forces, agreeing to a $3.7 billion merger to create a visual content company. The companies announced the merger on Tuesday and said it will be named ...

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Stock and editorial image licensing giant Getty Images has announced plans of a $3.7 billion merger with its fierce competitor, Shutterstock, a stock photography company. Craig Peters, the chief ...

Getty "provides wire service photography and video to news outlets and businesses globally," while Shutterstock ...

In total, Getty expects to pay $331 million plus 319.4 million shares of its stock to acquire Shutterstock. At today's share price, that works out to a valuation of about $1.35 billion on Shutterstock ...

News of the merger sent Getty stock surging by nearly 60% in pre-market trading on Tuesday. The stock was selling at $2.57 a share on Monday.