White & Case advises Shutterstock on merger agreement with Getty Images Holdings, Inc

Global law firm White & Case LLP has advised Shutterstock, Inc. (NYSE: SSTK) on its agreement to merge with Getty Images Holdings, Inc. (NYSE: GETY), creating a premier visual content company. The combined company, which will have an approximate enterprise value of US$3.7 billion, will be named Getty Images Holdings, Inc. and will continue to trade on the New York Stock Exchange under the ticker symbol GETY.

As a combined company, Getty Images and Shutterstock will offer a content library with greater depth and breadth for the benefit of customers, expanded opportunities for its contributor community and a reinforced commitment to the adoption of inclusive and representative content. The stronger financial profile of the combined company is expected to create increased capacity for product investment and innovation for customers in a fast-evolving and highly competitive environment.

The White & Case team was led by M&A partners Kimberly Petillo-Decossard, Ross Sturman, Joseph Rosati and Keith Hallam (all in New York). The team also included M&A partner Matthew Barnett (Los Angeles), and associates Josh Butler, Emilia Calderon, Jennifer Lee (all in New York) and Elizabeth Fakhoury (Chicago); Antitrust partners George Paul, Heather Greenfield (both in Washington, DC) and Marc Israel (London), and associates Naari Ha (Washington, DC), Joao Lacerda (London) and Diego Garcia Adanez (Brussels); Foreign Direct Investment partner Orion Berg (Paris); Employment, Compensation & Benefits partner Henrik Patel, and associates Peter Shelburne (both in New York) and Lucee Laursen (Chicago); Tax partner David Dreier and associate Nir Fishbien (both in New York); Debt Finance partners Eliza McDougall, Binoy Dharia and Yehuda Rubel, and associate Jessy Van Kooten (all in New York); and Technology Transactions partner Arlene Arin Hahn and associate Jarrah Al-Buainain (both in New York). Law clerks Kyra Luck and Grace Hochstatter, and international law clerk German Macias Salas also assisted on the matter.

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