Getty Images to merge with Shutterstock in a $3.7bn deal.

Getty Images, a global visual content creator and marketplace, agreed to merge with Shutterstock, a 3D models, videos, music, photographs, vectors and illustrations licensing platform, in a $3.7bn deal. "We are excited by the opportunities we see to expand our creative content library and enhance our product offering to meet diverse customer needs. We expect the merger to produce value for the customers and stockholders of both companies by capitalizing on attractive growth opportunities to drive combined revenues, accelerating product innovation, realizing significant cost synergies and improving cash flow," Paul Hennessy, Shutterstock CEO.