Getty Images buys rival Shutterstock to create "Premier Visual Content Company"

Image: Getty Images, Shutterstock Getty Images and Shutterstock are to join in what's being presented as a merger of equals. The new company will be called Getty Images Holdings Inc and the deal will see Getty Image's CEO retain his position at head of the new company, while Getty's chair will also chair the new company's board. The board of directors will be made with a seven-to-four Getty-to-Shutterstock ratio. Shutterstock shareholders receive cash, Getty stock or a combination thereof for th...