Getty Images Said to Explore Combination With Shutterstock (2)

Getty Images Holdings Inc. is exploring a combination with rival Shutterstock Inc., according to people familiar with the matter. Shares Getty Images rose as much as 32%, the most since 2023.

Getty has been weighing how to structure a deal that would bring together two of the biggest providers of licensed visual-content in the US, said the people, who asked to not be identified because the information isn’t public. Deliberations are ongoing and Getty could decide not to pursue a deal, they added.

A representative for Getty Images declined to comment, while a spokesperson for Shutterstock didn’t immediately respond ...