Getty Images and Shutterstock to Merge, Forming $3.7 billion Stock Image Giant

Craig Peters, CEO of Getty Images, speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo
Craig Peters, CEO of Getty Images, speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo
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Getty Images and Shutterstock to Merge, Forming $3.7 billion Stock Image Giant

Craig Peters, CEO of Getty Images, speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo
Craig Peters, CEO of Getty Images, speaks during an interview on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File Photo

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.

Shutterstock's shares were up 9.9% in premarket trading, while shares of Getty Images were up 18.7%, according to Reuters.

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".

At close, Getty Images' CEO, Craig Peters, will serve as CEO of the combined company.

Getty competes with Reuters and the Associated Press in providing photos and videos for editorial use.



Huawei Launches Skills Development Center to Train 25,000 Talents in Saudi Arabia

Huawei Launches Skills Development Center to Train 25,000 Talents in Saudi Arabia
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Huawei Launches Skills Development Center to Train 25,000 Talents in Saudi Arabia

Huawei Launches Skills Development Center to Train 25,000 Talents in Saudi Arabia

In partnership with the Ministry of Communications and Information Technology, Huawei has launched the Huawei Skills Development Center, a new initiative aimed at advancing the Kingdom’s digital talent landscape. The announcement was made on the sidelines of the LEAP 2025 conference in Riyadh.
The center marks a significant milestone in the strategic collaboration between the ministry and Huawei, focusing on developing digital capabilities and fostering ICT talent across the Kingdom, SPA reported.
With a goal of training 25,000 local talents by 2030, the center will offer a comprehensive annual training program covering key technologies such as artificial intelligence, cloud computing, cybersecurity, and emerging digital platforms. The curriculum will integrate theoretical knowledge with hands-on experience, equipping trainees with advanced skills to tackle complex technical challenges and drive digital transformation across various sectors.
The Huawei Skills Development Center will commence operations immediately, with the first training programs set to launch in the coming weeks.