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What leadership changes will occur in the merged entity of Getty Images and Shutterstock by end of 2025?
2
Resolution / Starting Odds
No changes • 25%
CEO change • 25%
CFO change • 25%
Other executive changes • 25%
Official announcements from the company or reliable financial news sources
Story
Getty Images and Shutterstock Announce $3.7 Billion Merger, Projecting $2B Revenue and $150M-$200M Cost Synergies
Jan 7, 2025, 11:26 AM
Getty Images and Shutterstock have announced a merger valued at $3.7 billion, aiming to create a leading visual content company. The transaction is projected to be accretive to earnings and cash flow by the second year, with expected annual cost synergies ranging from $150 million to $200 million by the third year. The pro forma revenue for 2024 is estimated to be around $2 billion. Following the announcement, Getty Images' market value reached $983 million, and its stock surged by 33%. The merger is anticipated to enhance the combined enterprise value to $3.7 billion.
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Major layoffs • 25%
CEO change • 25%
No major change • 25%
Rebranding • 25%
Merger postponed • 25%
Other outcome • 25%
Merger completed • 25%
Merger abandoned • 25%
Newly appointed CEO • 25%
Current Shutterstock CEO • 25%
Craig Peters • 25%
Other • 25%
Joint leadership structure • 25%
Craig Peters remains CEO • 25%
Mark Getty becomes CEO • 25%
New CEO appointed • 25%
Approved with conditions • 25%
Approved without conditions • 25%
Rejected • 25%
Other outcome • 25%
Yes • 50%
No • 50%
30% to 40% • 25%
Less than 30% • 25%
40% to 50% • 25%
More than 50% • 25%
Decreased competition • 25%
No significant impact • 25%
Unclear impact • 25%
Increased competition • 25%
Stock price increases by more than 30% • 25%
Stock price decreases • 25%
Stock price increases between 10% and 30% • 25%
Stock price changes less than 10% • 25%