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Visual content companies Shutterstock and Getty Images will join to become a $3.7 billion visual content company.

The combined company, which will be called Getty Images, will be worth $3.7 billion, Getty said on Tuesday.

The deal, presented as a merger of equals, will create a company worth $3.7Bn with annual revenue of around $2Bn.

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The giant commercial photo and video providers are grappling with the emergence of artificial intelligence tools that have ...

Shares of both companies surged on the news, with Shutterstock advancing 19% to $35.80 and Getty rising 25% to $3.22, on track for its biggest percentage increase in nearly two years. Getty was ...

Getty Images CEO Craig Peters will oversee the company formed following Getty's mergers with Shutterstock. (Getty Images ...

Getty Images is the bigger company of the two, and its shareholders will own approximately 54.7% of the new entity, while ...