Getty and Shutterstock Merge in an AI Disrupted World – Merger Arbitrage Mondays

Shutterstock (SSTK): $30.58

Market Cap: $1.07 B

Deal Size: $3.7 B

Getty Images Holdings (GETY) announced a $3.7 billion merger agreement with Shutterstock, forming a major partnership in the licensed visual content industry. The merger aims to streamline operations and unlock new revenue opportunities as generative AI tools like Midjourney and DALL-E increasingly disrupt the market.

Under the agreement, Shutterstock shareholders will have three options at closing:

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