Investing.com — Getty Photos Holdings is wanting into a possible merger with Shutterstock (NYSE:SSTK) Inc, Bloomberg reported on Friday, citing individuals acquainted with the matter.
Share of Getty Photos surged to 26%, whereas Shutterstock shares are up 9%.
This merger would unite two of probably the most vital suppliers of licensed visible content material in america.
The discussions are nonetheless underway and it is attainable that Getty would possibly select to not proceed with the deal, the report stated.
The market worth of Getty Photos is roughly $910 million, whereas Shutterstock is valued at round $1 billion. Over the previous yr, Getty’s shares have seen a 56% lower in worth, whereas Shutterstock’s shares have fallen by 37%, as per Bloomberg’s compiled information.
This text was generated with the help of AI and reviewed by an editor. For extra data see our T&C.
Microsoft Company (NASDAQ:MSFT), with its spectacular $3.18 trillion market capitalization, continues to be a dominant…
By David Shepardson WASHINGTON (Reuters) - New York Metropolis drivers on Monday needed to pay…
Investing.com-- Gold costs moved little in Asian commerce on Tuesday as traders speculated over extra…
By Alexandra Alper, Aatreyee Dasgupta and Yuka Obayashi WASHINGTON (Reuters) -U.S. President Joe Biden unlawfully…
Karen Bailo, the Industrial Strains President at Progressive Corp (NYSE:PGR), a $141 billion market cap…
Karen Bailo, the Industrial Strains President at Progressive Corp (NYSE:PGR), a $141 billion market cap…