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Stock impact report

Getty Images, Shutterstock agree to merge in $3.7 billion deal. Here's what to know. [USA TODAY]

Getty Images Holdings, Inc. Class A (GETY) 
Company Research Source: USA TODAY
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 Getty Images Holdings, Inc. The company will trade on the New York Stock Exchange under the "GETY" ticker symbol, according to the company's news release Through the merger, Getty Images and Shutterstock plan on offering "a content library with greater depth and breadth for the benefit of customers, expanded opportunities for its contributor community and a reinforced commitment to the adoption of inclusive and representative content." Here is what to know about the merger, including what it means for stockholders. Who will lead Getty Images Holdings, Inc? Once the merger is closed, Getty CEO Craig Peters will serve as CEO of the combined company. Invest wisely: Best online brokers Peters said in a statement that the merger "is exciting and transformational for our companies" and w Show less Read more
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