Getty Images and Shutterstock are merging into one stock photo powerhouse
Image: The Verge
Getty Images and Shutterstock are joining forces in a merger valued at around $3.7 billion, the companies announced on Tuesday. The merger will allow the companies to expand their stock photo libraries as they face increasing competition from AI-powered image creation tools.
Getty Images CEO Craig Peters will remain the head of the combined companies when the merger closes, while a reworked board of directors will consist of members from both Getty Images and Shutterstock...
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