Getty Images (GETY.US) surged over 46.5%, reaching $3.76. Shutterstock (SSTK.US) rose over 24.8%, reaching $37.5. In the news, Getty Images announced it will merge with its competitor Shutterstock to create a visual content company valued at $3.7 billion. The new company will retain the Getty Images name and will be traded on the NYSE under the ticker 'GETY'. Getty Images shareholders will own 54.7% of the new company, while Shutterstock shareholders will hold 45.3%. The transaction is expected to generate significant synergies, saving $0.15 billion to $0.2 billion in sales, general and administrative expenses, and capital expenditures over the first three years post-transaction.
Getty Images大涨超46% Shutterstock涨超24% 两家公司宣布将合并
Getty Images surged over 46% while Shutterstock rose over 24% as the two companies announced their merger.
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