Getty Images Too Hot To Handle? Activist Investor Calls On Tech Giants To Takeover

Anusuya Lahiri
Updated 1 min read
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In this article:

  • Activist investor Trillium Capital called on stock-photo company Getty Images Holdings Inc (NYSE: GETY) to collaborate with technology firms and publishers to grow its revenue.

  • Getty should expand its partnership with Nvidia Corp (NASDAQ: NVDA) to tap the chip company's image-rendering technology, build a strategic relationship with Microsoft Corp (NASDAQ: MSFT) & Bing through their Open API system, collaborate with Adobe Inc (NASDAQ: ADBE) to combine their media collections and strike a metadata relationship with Meta Platforms Inc (NASDAQ: META) Facebook and Instagram to upload digital photos and videos.

  • Trillium also listed Nvidia, Microsoft, Adobe, and Meta as potential takeover suitors.

  • Trillium also suggested tie-ups with National Geographic, New York Times Co (NYSE: NYT), and The Washington Post to upload and download digital libraries.

  • Trillium urged the platform to expand its library of generic stock photos to special events, including religious functions, weddings, graduations, and family celebrations.

  • The principals of Trillium Capital LLC own over 500,000 shares of common stock and common stock equivalents of Getty.

  • Last week, Trillium asked Getty for a board seat and urged the company to evaluate strategic options, including a sale.

  • Price Action: GETY shares traded lower by 0.79% at $6.27 on the last check Monday.

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This article Getty Images Too Hot To Handle? Activist Investor Calls On Tech Giants To Takeover originally appeared on Benzinga.com

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