By WSJ Staff
Shares in Getty Images and Shutterstock surged after the image companies agreed to merge, creating a group worth about $3.7 billion including debt.
-- Getty stock stood about 49% higher in recent premarket trading.
-- Shutterstock rose nearly 28%.
-- Getty shareholders will own nearly 55% of the combined company, which will retain the Getty name.
-- Shutterstock investors can choose to receive cash, Getty stock, or a mixture of the two.
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(END) Dow Jones Newswires
January 07, 2025 08:29 ET (13:29 GMT)
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