Getty Images and Shutterstock announce merger
Posted: Mon Feb 17, 2025 8:24 am
Judging from its performance, Arbe is still an undoubted small and micro enterprise. The company's Q quarterly report disclosed that its total revenue was only US, and its backlog of orders was US,. Meanwhile, operating expenses for the full quarter were . million. The company expected at the time that it would achieve a wave of revenue growth in based on plans for full production of the chipset.
As of the end of September , Arbe is working with OEMs, of which have entered the bidding stage and have entered the advanced perception project stage.
Arbe introduced in its thirdquarter report that the company is jamaica phone number list working with Hirain to develop an advanced driver assistance system for a Chinese automaker, aiming to use Arbe to replace lidar. At the same time, the company's firsttier supplier has signed a framework agreement to provide D imaging radar to Tianyi Transportation Technology.
Getty Images GETY announced that it will merge with its competitor Shutterstock SSTK to create a visual content company worth . billion. The new company will retain the Getty Images name and will trade on the New York Stock Exchange under the ticker symbol "GETY." Getty Images shareholders will own .% of the new company, while Shutterstock shareholders will own .%.
The transaction is expected to generate significant synergies, with savings of million to million in selling, general and administrative expenses and capital expenditures within the first three years following the transaction.
As of the end of September , Arbe is working with OEMs, of which have entered the bidding stage and have entered the advanced perception project stage.
Arbe introduced in its thirdquarter report that the company is jamaica phone number list working with Hirain to develop an advanced driver assistance system for a Chinese automaker, aiming to use Arbe to replace lidar. At the same time, the company's firsttier supplier has signed a framework agreement to provide D imaging radar to Tianyi Transportation Technology.
Getty Images GETY announced that it will merge with its competitor Shutterstock SSTK to create a visual content company worth . billion. The new company will retain the Getty Images name and will trade on the New York Stock Exchange under the ticker symbol "GETY." Getty Images shareholders will own .% of the new company, while Shutterstock shareholders will own .%.
The transaction is expected to generate significant synergies, with savings of million to million in selling, general and administrative expenses and capital expenditures within the first three years following the transaction.