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Stock impact report

Shutterstock, Getty Images Stocks Soar on Merger News [Yahoo! Finance]

Getty Images Holdings, Inc. (GETY) 
Company Research Source: Yahoo! Finance
Key Takeaways Getty Images and Shutterstock are teaming up in what Getty called a merger of equals. The deal between the two providers of stock images and video is designed to meet the changing needs of the creative, media, and ad industries. The agreement calls for Shutterstock shareholders to have the option to receive cash, Getty Images stock, or a combination of both. Shares of Getty Images Holdings ( GETY ) and Shutterstock ( SSTK ) soared well over 20% apiece Tuesday when the two providers of stock images and videos announced they would be combining to "meet the evolving needs of creative, media, and advertising industries." Getty said the deal was a merger of equals, creating a company with an enterprise value of $3.7 billion. It will Read more
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