Getty Images Holdings Inc. is exploring a merger with rival Shutterstock Inc., according to people familiar with the matter. Getty Images has been weighing how to structure a deal that would bring together two of the biggest providers of licensed visual-content in the US, said the people, who asked to not be identified because the information isn’t public. Deliberations are ongoing and Getty could decide not to pursue a deal, they added.
A representative for Getty Images declined to comment, while a spokesperson for Shutterstock didn’t immediately respond to requests for comment. Getty Images closed up 13% to $2.39 in New York trading Friday, giving the company a market value of $983 million. Shutterstock rose 7.9% to $31.47, for a market value of about $1.1 billion. Before Friday’s gains, Getty had fallen 56% in the past year, while Shutterstock had slid 37%, according to data compiled by Bloomberg. A merger would likely draw significant antitrust scrutiny while also underscoring optimism among companies for a more permissive regulatory environment for dealmaking under the incoming Trump Administration. To be sure, the merger of the two major players in any market is likely to invite a hard look regardless of who is in the White House. And Gail Slater and Andrew Ferguson, President-elect Donald Trump’s picks to head the Justice Department’s antitrust division and the Federal Trade Commission, respectively, aren’t expected to have a light touch on enforcement. The merger deliberations by Getty Images come as demand for pictures, videos and other media soars, with consumers increasingly spending more of their time onlin
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