Getty Images Rumored to Merge with Shutterstock in Potential 'Win-Win' Deal

Getty Images Holdings, Inc. and Shutterstock, Inc. are reportedly in talks for a potential merger, driving a sharp rally in both companies' stock prices. Sources close to the discussions indicate that while the deal is being explored, there is no guarantee it will proceed. The potential merger may face antitrust challenges but is seen as a strategic move amidst growing media demand and a shifting landscape in content creation due to technological advances. Getty, which went public via SPAC in 2021, has underperformed in 2024, while Shutterstock's shares also suffered over the year. Despite muted retail sentiment, some retailers view the merger positively, with speculative chatter about a possible $10 per share buyout price for Getty. The announcement drove Getty's stock price up by over 13%, closing at $2.39, while Shutterstock closed with an increase of nearly 8%, settling at $31.47.