Shutterstock CEO Paul Hennessy said the merger with Getty Images provides an opportunity to "meet diverse customer needs.” ...

Getty Images and Shutterstock are teaming up in what Getty called a merger of equals. The combination will create a company ...

Getty Images and Shutterstock announced that the companies will merge and create a $3.7 billion 'premier visual content company.' ...

Getty Images is buying Shutterstock to create a $3.7 billion visual content company. The merger comes at a time when companies that use still images are facing increased competition from images ...

News of the merger sent Getty stock surging by nearly 60% in pre-market trading on Tuesday. The stock was selling at $2.57 a share on Monday.

Getty Images Holdings Inc. agreed to acquire rival stock-photo provider Shutterstock Inc. in a deal that would create a combined company worth about $3.7 billion including debt.

Getty and Shutterstock merge to combat industry decline, but there are hurdles that the combined company will need to clear.