Getty Images, Shutterstock to combine in 3.7 bln USD deal


By Xia Lin

NEW YORK, Jan. 7 (Xinhua) -- Visual media company and supplier of stock images Getty Images Holdings and American provider of stock photography, footage, music and editing tools Shutterstock have agreed to merge into one visual-content company with an enterprise value of about 3.7 billion U.S. dollars.

The companies said on Tuesday that Getty shareholders would own about 54.7 percent of the combined company, which will retain the Getty name, at the closing of the deal. Shutterstock shareholders will own the remaining 45.3 percent.

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