<p>Getty Images said on Tuesday it will merge with rival Shutterstock to create a $3.7 billion stock image powerhouse in a deal that would help the companies navigate the AI era, but likely attract antitrust scrutiny.</p><p>Shutterstock's shares were up 9.9 per cent in premarket trading, while shares of Getty Images were up by 18.7 per cent. </p>.Getty Images targets AI firm for 'copying' photos.<p>The combined company will be named Getty Images Holdings Inc and will continue to trade on the New York Stock Exchange under the ticker symbol "GETY".</p>. <p>At close, Getty Images' CEO, Craig Peters, will serve as CEO of the combined company.</p><p>Getty competes with Reuters and the Associated Press in providing photos and videos for editorial use. (Reporting by Rishi Kant in Bengaluru; Editing by Shounak Dasgupta and Pooja Desai)</p>
<p>Getty Images said on Tuesday it will merge with rival Shutterstock to create a $3.7 billion stock image powerhouse in a deal that would help the companies navigate the AI era, but likely attract antitrust scrutiny.</p><p>Shutterstock's shares were up 9.9 per cent in premarket trading, while shares of Getty Images were up by 18.7 per cent. </p>.Getty Images targets AI firm for 'copying' photos.<p>The combined company will be named Getty Images Holdings Inc and will continue to trade on the New York Stock Exchange under the ticker symbol "GETY".</p>. <p>At close, Getty Images' CEO, Craig Peters, will serve as CEO of the combined company.</p><p>Getty competes with Reuters and the Associated Press in providing photos and videos for editorial use. (Reporting by Rishi Kant in Bengaluru; Editing by Shounak Dasgupta and Pooja Desai)</p>