Sources: Getty Images is exploring a merger with rival Shutterstock; Getty jumped 13% for a $983M market value, Shutterstock rose 7.9% for a $1.1B market value
www.bloomberg.com/news/article... X: David Clinch / @davidclinchnews : Getty has been looking for a way to sort out its complicated financial underpinning for years, this could provide the revenue and scale to do that. #MediaRevenue @unusual_whales : $GETY and $SSTK Shutterstock are merging, and people traded it unusually... Three days ago, people traded $GETY $3 calls for May. $GETY gets zero options activity. You can see the spike in volume +600% normal levels. Made 300% in three days while stock rallies 20%. [image] LinkedIn: Paul Melcher : Probably triggered by the existential threat generative AI poses to the industry, this merger, if true, could dramatically transform … Forums: BeauHD / Slashdot : Getty Images Explores Merger With Shutterstock