The combined company, which will be called Getty Images, will be worth $3.7 billion, Getty said on Tuesday.

Getty Images is the bigger company of the two, and its shareholders will own approximately 54.7% of the new entity, while ...

This news was welcomed by investors of both companies, with GETY stock rising 25% and SSTK stock rising 14% on Tuesday, ...

Getty Images and Shutterstock announced that the companies will merge and create a $3.7 billion 'premier visual content ...

The deal, presented as a merger of equals, will create a company worth $3.7Bn with annual revenue of around $2Bn.

News of the merger sent Getty stock surging by nearly 60% in pre-market trading on Tuesday. The stock was selling at $2.57 a ...

Visual content companies Shutterstock and Getty Images will join to become a $3.7 billion visual content company.

The deal is expected to generate annual cost synergies of $150 million to $200 million by year three and to boost earnings and cash flow by year two.

Getty Images CEO Craig Peters will oversee the company formed following Getty's mergers with Shutterstock. (Getty Images ...