Annuncio • Jul 08

Getty Images Holdings, Inc. (NYSE:GETY) cancelled the acquisition of Shutterstock, Inc. (NYSE:SSTK) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc. and others in a merger of equals transaction.

Getty Images Holdings, Inc. (NYSE:GETY) entered into an agreement to acquire Shutterstock, Inc. (NYSE:SSTK) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc. and others for $1.2 billion in a merger of equals transaction on January 6, 2025. On December 10, 2024, Getty Images and Shutterstock entered into a letter agreement. Under the terms of the agreement, which was unanimously approved by the Boards of Directors of both companies, Shutterstock stockholders at close can elect to receive one of the following: (i) $28.84870 per share in cash for each share of Shutterstock common stock they own (ii) 13.67237 shares of Getty Images common stock for each share of Shutterstock common stock they own; or (iii) a mixed consideration of 9.17 shares of Getty Images common stock plus $9.50 in cash for each share of Shutterstock common stock they own. Shutterstock shareholder elections at close are subject to proration to ensure that the aggregate consideration payable by Getty Images consist of $9.50 in cash per Shutterstock share as of immediately before close and 9.17 shares of Getty Images stock per Shutterstock share as immediately before close. Based on the common shares outstanding as of the signing date, the aggregate consideration payable by Getty Images would consist of $331 million in cash and 319.4 million shares of Getty Images stock. Shutterstock equity holders with unvested RSU and PSU grants at close will only be eligible to receive the mixed consideration noted above upon vesting with respect to such grants. Shutterstock option holders will have their options and strike prices adjusted by a ratio equal to the sum of (i) 9.17 and (ii) $9.50 divided by the 10-day average closing stock price of Getty Images common stock for the period ending two (2) business days prior to the closing as quoted on NYSE. The combined company will have an enterprise value of approximately $3.7 billion will be named Getty Images Holdings, Inc and will continue to trade on the New York Stock Exchange under the ticker symbol “GETY”. At close, Getty Images stockholders will own approximately 54.7% and Shutterstock stockholders will own approximately 45.3% of the combined company on a fully diluted basis. Shutterstock stockholders would receive total merger consideration (i) with an implied value of approximately $33.07 per share after giving effect to a mixed election, (ii) with an implied value of approximately $35.14 per share after giving effect to a stock election, and (iii) with a value of $28.8487 per share after giving effect to a cash election. If the Merger Agreement is terminated Shutterstock will be required to pay Getty Images a termination fee in the amount of $32.7 million. If the Merger Agreement is terminated (a) Getty Images will be required to pay Shutterstock a termination fee in the amount of $32.7 million under certain specified circumstances if Getty Images enters into a superior proposal within 12 months of termination that is thereafter consummated and (b) by Shutterstock pursuant to the Financing Termination Right, Getty Images will be required to pay Shutterstock a termination fee in the amount of $40 million. In no event will Getty Images be required to pay both termination fees. Getty Images’s Chief Executive Officer, Craig Peters, will serve as Chief Executive Officer of the combined company. The combined company will have an eleven-member Board of Directors, comprised of Getty Images Chief Executive Officer Craig Peters, six directors designated by Getty Images and four directors designated by Shutterstock, including Paul Hennessy, Shutterstock Chief Executive Officer. The Chairman of the Board of Directors of the combined company will be Mark Getty, currently Chairman of Getty Images. The transaction is subject to the shareholders of both Shutterstock and Getty Images. The transaction is subject to the regulatory approvals and the extension or refinancing of Getty Images’ existing debt obligations. The transaction is subject to Getty Images’ registration statement on Form S-4 to be filed in connection with the Transactions having becoming effective, the expiration of the applicable waiting period under the HSR Act. The transaction was unanimously approved by board of directors of both Shutterstock and Getty Images. The combined company will have expected annual cost synergies between $150 million and $200 million by year three and to be accretive to earnings and cash flow beginning in year two. The transaction is expected to close in second half of 2025. As of April 2, 2025, Getty Images and Shutterstock announced the companies have each received a Request for Additional Information and Documentary Material from the U.S. Department of Justice in connection with the Merger. As of June 10, 2025, Shutterstock’s stockholders approved the adoption of the merger agreement between Shutterstock and Getty Images Holdings, Inc. (NYSE: GETY) (“Getty Images”), with approximately 82% of the issued and outstanding shares of Shutterstock common stock voting in favor. The CMA announced the launch of its merger inquiry by notice to the Parties on 22 August 2025 and has a deadline of October 20, 2025 for its phase 1 decision. The transaction is expected to close by the end of 2025. As on November 3, 2025, UK Competition and Markets Authority Refers Proposed Merger of Shutterstock and Getty Images for Phase 2 Review. As of February 23, 2026, Shutterstock and Getty Images issued a press release announcing that the United States Department of Justice concluded its review of the previously announced merger and the applicable waiting period under the Hart-Scott-Rodino Act has expired. The transaction is expected to close in 2026. On May 15, 2026, Competition and Markets Authority (CMA) conditionally clears Getty merger with Shutterstock. CMA independent inquiry group concludes deal can proceed if Shutterstock sells its editorial business. On June 30, 2026, the Board of Directors of Getty Images unanimously resolved (a) not to proceed with the process to sell Shutterstock’s editorial business under the supervision of the CMA, and (b) to terminate the Merger Agreement following the passage of the Second Extended End Date on July 6, 2026, assuming no material change in the aforementioned circumstances prior to July 7, 2026. Berenson & Company, LLC acted as financial advisor to Getty for a fee of $2 million, which was not contingent upon closing of the merger and also contingent upon the closing of the merger, an additional fee of $8 million. J.P. Morgan Securities LLC acted as financial advisor and fairness opinion provider to Getty for an estimated fee of up to $5 million, $3 million of which became payable to J.P. Morgan at the time opinion is delivered and the remainder of which is payable at Getty Images’ sole discretion upon the consummation of the proposed merger. Michael J. Sheerin, Danielle Li, Steven Messina, Jon A. Hlafter and Todd E. Freed of Skadden, Arps, Slate, Meagher & Flom LLP, and Brian Lavin of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisors to Getty. Allen & Company LLC acted as financial advisor and fairness opinion provider to Shutter for a fee of approximately $20 million, contingent upon the consummation of the merger. In addition, the engagement letter provides for a fee of $4.5 million payable to Allen & Company upon delivery of its opinion, which is creditable against the transaction fee payable upon consummation of the merger. Kimberly Petillo-Decossard, Ross Sturman, Joseph Rosati, Keith Hallam, Matthew Barnett, George Paul, Heather Greenfield, Marc Israel, Orion Berg, Henrik Patel, David Dreier, Eliza McDougall, Binoy Dharia, Yehuda Rubel and Arlene Arin Hahn of White & Case LLP acted as legal advisor to Shutter. Equiniti Trust Company, LLC acted as transfer agent to Getty Images. D.F. King & Co., Inc. acted as information agent for Shutter. Getty Images Holdings, Inc. (NYSE:GETY) cancelled the acquisition of Shutterstock, Inc. (NYSE:SSTK) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc. and others in a merger of equals transaction on July 7, 2026. The transaction was abandoned after Getty Images decided not to accept the UK competition regulator's requirement to sell Shutterstock's editorial business.

Percentuale dello stipendio del CEO	15.02%
Mandato del CEO	1.8yrs
Proprietà del CEO	0.09%
Durata media del management	5.4yrs
Durata media del Consiglio di amministrazione	5.8yrs

Data	Compenso totale	Stipendio	Utili della società
Jun 30 2026	n/a	n/a	-US$206m
Mar 31 2026	n/a	n/a	-US$21m
Dec 31 2025	US$4m	US$529k	US$45m
Sep 30 2025	n/a	n/a	US$60m
Jun 30 2025	n/a	n/a	US$64m
Mar 31 2025	n/a	n/a	US$38m
Dec 31 2024	US$1m	US$211k	US$36m

Nome	Posizione	Mandato	Compensazione	Proprietà
Jonathan Oringer	Founder & Executive Chairman	23.7yrs	US$1.63m	29.57% € 47.7m
Rikki Powell	Interim CEO & CFO	1.8yrs	US$3.52m	0.086% € 139.0k
Paul Hennessy	Non-Executive Advisor	less than a year	US$11.81m	1.15% € 1.9m
Chris Suh	Vice President of Corporate Development and Investor Relations	no data	Nessun dato	Nessun dato
Colleen Kearney	General Counsel	less than a year	Nessun dato	Nessun dato
Lori Rodney	Head of Global Communications	no data	Nessun dato	Nessun dato
Sara Birmingham	Chief Human Resources Officer	5.9yrs	Nessun dato	Nessun dato
Aiden Darne	Head of Global Production	5.8yrs	Nessun dato	Nessun dato
Meeckel Beecher	Head of Diversity	5.4yrs	Nessun dato	Nessun dato
Daniel Mandell	Senior Vice President of Data Licensing & AI Services	less than a year	Nessun dato	Nessun dato
Jody Vandergriff	Co-Founder & Chief Executive Officer of WebDAM	12.8yrs	Nessun dato	Nessun dato
John Lapham	Senior VP & Corporate Secretary	no data	Nessun dato	Nessun dato

Nome	Posizione	Mandato	Compensazione	Proprietà
Jonathan Oringer	Founder & Executive Chairman	23.7yrs	US$1.63m	29.57% € 47.7m
Timothy Adams	Independent Director	no data	Nessun dato	Nessun dato
Thomas Evans	Independent Presiding Director	14.5yrs	US$279.20k	0.11% € 170.7k
Matthew Salzberg	Independent Director	no data	Nessun dato	Nessun dato
Deirdre Bigley	Independent Director	10.3yrs	US$254.20k	0.077% € 124.7k
Michael Thompson	Independent Director	no data	Nessun dato	Nessun dato
Rachna Bhasin	Independent Director	7.1yrs	US$254.20k	0.088% € 141.5k
Alfonse Upshaw	Independent Director	5.8yrs	US$254.20k	0.034% € 54.5k
Jaime Teevan	Independent Director	2.2yrs	US$234.20k	0.038% € 60.5k

Dati	Ultimo aggiornamento (ora UTC)
Analisi dell'azienda	2026/09/14 11:42
Prezzo dell'azione a fine giornata	2026/09/14 00:00
Utili	2026/06/30
Utili annuali	2025/12/31

Pacchetto	Dati	Tempistica	Esempio Fonte USA ^*
Dati finanziari della società	10 anni	Conto economico Rendiconto finanziario Bilancio	Modulo SEC 10-K Modulo SEC 10-Q
Stime di consenso degli analisti	+3 anni	Previsioni finanziarie Obiettivi di prezzo degli analisti	Rapporti di ricerca degli analisti Blue Matrix
Prezzi di mercato	30 anni	Prezzi delle azioni Dividendi, scissioni e azioni	Dati di mercato ICE Modulo SEC S-1
Proprietà	10 anni	Top azionisti Insider trading	Modulo 4 SEC Modulo 13D SEC
Gestione	10 anni	Team di leadership Consiglio di amministrazione	Modulo SEC 10-K Modulo SEC DEF 14A
Sviluppi principali	10 anni	Annunci aziendali	Modulo 8-K SEC

Analista	Istituzione
Nitin Bansal	BofA Global Research
Youssef Squali	Cantor Fitzgerald & Co.
Ronald Josey	Citizens JMP Securities, LLC

Shutterstock Gestione

Criteri Gestione verificati 2/4

Informazioni chiave

Aggiornamenti recenti sulla gestione

Shutterstock, Inc. Announces Board Changes, Effective from September 8, 2026

Shutterstock, Inc. Announces Resignation of Steven Ciardiello from Chief Accounting Officer, Effective August 28, 2026

Shutterstock, Inc. Announces CEO Changes, Effective July 13, 2026

Insufficient new directors

Shutterstock, Inc., Annual General Meeting, Dec 22, 2025

Shutterstock, Inc. Appoints Matt Furlong to Lead Its Marketplace Division as Chief Marketplace Officer on January 13, 2025

Recent updates

Shutterstock, Inc. Announces Board Changes, Effective from September 8, 2026

Shutterstock Launches Connector In Anthropic's Claude

Shutterstock, Inc. Reports Goodwill Impairment for the Second Quarter Ended June 30, 2026

Shutterstock, Inc. Announces Resignation of Steven Ciardiello from Chief Accounting Officer, Effective August 28, 2026

Shutterstock, Inc. Announces CEO Changes, Effective July 13, 2026

Shutterstock, Inc. to Report Q2, 2026 Results on Aug 06, 2026

Getty Images Holdings, Inc. (NYSE:GETY) cancelled the acquisition of Shutterstock, Inc. (NYSE:SSTK) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc. and others in a merger of equals transaction.

Getty Images Holdings, Inc. (NYSE:GETY) cancelled its acquisition of Shutterstock, Inc. (NYSE:SSTK) from BlackRock, Inc. (NYSE:BLK), The Vanguard Group, Inc. and others.

New minor risk - Share price stability

Insufficient new directors

First quarter dividend of US$0.36 announced

Shutterstock, Inc. announces Quarterly dividend, payable on June 18, 2026

Shutterstock Inc Launches AI Video Generator

Shutterstock Inc. Launches Licensed Content App in ChatGPT

Shutterstock Inc Announces Major Expansion of Licensed Training Datasets

Shutterstock, Inc. Declares A Cash Dividend on Common Share , Payable on March 19, 2026

Shutterstock, Inc., Annual General Meeting, Dec 22, 2025

UK Competition and Markets Authority Refers Proposed Merger of Getty Images and Shutterstock for Phase 2 Review

Shutterstock, Inc. Receives Notice from the UK's Competition and Markets Authority of Their Intent to Refer the Proposed Merger of Shutterstock and Getty Images Holdings, Inc

Shutterstock, Inc. Launches Suite of AI Services for Model Training and Evaluation

Shutterstock, Inc. Declares Dividend, Payable on September 18, 2025

Shutterstock, Inc.(NYSE:SSTK) dropped from Russell 2000 Growth-Defensive Index

Shutterstock, Inc. Declares Cash Dividend on Common Share, Payable on June 19, 2025

Shutterstock, Inc. Declares Cash Dividend, Payable on March 20, 2025

Shutterstock, Inc. to Report Q4, 2024 Results on Feb 25, 2025

Getty Images Holdings, Inc. (NYSE:GETY) entered into an agreement to acquire Shutterstock, Inc. (NYSE:SSTK) for $1.2 billion in a merger of equals transaction.

Shutterstock, Inc. Appoints Matt Furlong to Lead Its Marketplace Division as Chief Marketplace Officer on January 13, 2025

Third quarter dividend of US$0.30 announced

New major risk - Dividend sustainability

Shutterstock, Inc. Updates Earnings Guidance for the Year 2024

Third quarter 2024 earnings released: EPS: US$0.50 (vs US$0.79 in 3Q 2023)

Shutterstock, Inc. Declares Cash Dividend, Payable on December 13, 2024

Shutterstock, Inc. to Report Q3, 2024 Results on Oct 29, 2024

Shutterstock, Inc. Announces Executive Changes

Upcoming dividend of US$0.30 per share

Second quarter 2024 earnings released: EPS: US$0.10 (vs US$1.39 in 2Q 2023)

Shutterstock, Inc. Updates Earnings Guidance for the Year 2024

New minor risk - Share price stability

Shutterstock, Inc. Launches First Ethical Generative 3D API

First quarter dividend of US$0.30 announced

Investor sentiment improves as stock rises 15%

Shutterstock, Inc. to Report Q2, 2024 Results on Aug 06, 2024

Shutterstock, Inc. Appoints Jaime Teevan to Its Board of Directors

CEO & Director recently bought €443k worth of stock

Upcoming dividend of US$0.30 per share

Shutterstock, Inc. Increases Earnings Guidance for 2024

First quarter 2024 earnings released: EPS: US$0.45 (vs US$0.92 in 1Q 2023)

Shutterstock, Inc., Annual General Meeting, Jun 06, 2024

Fourth quarter dividend of US$0.30 announced

Shutterstock, Inc. to Report Q1, 2024 Results on May 02, 2024

New minor risk - Share price stability

Full year 2023 earnings released: EPS: US$3.07 (vs US$2.11 in FY 2022)

Shutterstock, Inc. Provides Earnings Guidance for the Full Year 2024

Upcoming dividend of US$0.30 per share

Shutterstock, Inc. to Report Q4, 2023 Results on Feb 21, 2024

Shutterstock, Inc. (NYSE:SSTK) acquired AKM-GSI Media.

Third quarter dividend of US$0.30 announced

Shutterstock, Inc. Declares Cash Dividend, Payable on March 14, 2024

Insufficient new directors

Upcoming dividend of US$0.27 per share at 2.4% yield

Investor sentiment improves as stock rises 19%

Shutterstock, Inc. Provides Revenue Guidance for the Full Year 2023

New minor risk - Earnings quality

Shutterstock, Inc. Integrates Creative AI into Library of 700M Images to Offer First-Ever Marketplace of Fully Customizable Stock

Shutterstock, Inc. Declares Cash Dividend, Payable on December 14, 2023

Shutterstock, Inc. to Report Q3, 2023 Results on Oct 31, 2023

Upcoming dividend of US$0.27 per share at 2.5% yield

Investor sentiment deteriorates as stock falls 19%

Shutterstock, Inc. Updates Earnings Guidance for the Year 2023