Getty Images Holdings Inc. is reportedly considering a merger with its rival Shutterstock Inc. The move aims to combine two of the largest providers of licensed visual content in the US. While discussions are ongoing, there's a possibility that Getty Images might decide against pursuing the deal. A merger of this scale would likely face antitrust scrutiny, especially considering the current regulatory climate.
Getty Images Holdings Inc. is exploring a merger with rival Shutterstock Inc., according to people familiar with the matter. Getty Images has been weighing how to structure a deal that would bring together two of the biggest providers of licensed visual-content in the US, said the people, who asked to not be identified because the information isn’t public. Deliberations are ongoing and Getty could decide not to pursue a deal, they added.
A representative for Getty Images declined to comment, while a spokesperson for Shutterstock didn’t immediately respond to requests for comment. Getty Images closed up 13% to $2.39 in New York trading Friday, giving the company a market value of $983 million. Shutterstock rose 7.9% to $31.47, for a market value of about $1.1 billion. Before Friday’s gains, Getty had fallen 56% in the past year, while Shutterstock had slid 37%, according to data compiled by Bloomberg. A merger would likely draw significant antitrust scrutiny while also underscoring optimism among companies for a more permissive regulatory environment for dealmaking under the incoming Trump Administration. To be sure, the merger of the two major players in any market is likely to invite a hard look regardless of who is in the White House. And Gail Slater and Andrew Ferguson, President-elect Donald Trump’s picks to head the Justice Department’s antitrust division and the Federal Trade Commission, respectively, aren’t expected to have a light touch on enforcement. The merger deliberations by Getty Images come as demand for pictures, videos and other media soars, with consumers increasingly spending more of their time onlin
MERGER GETTY IMAGES SHUTTERSTOCK ANTITRUST VISUAL CONTENT TECH
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