Abu Dhabi-listed tech-focused holding company Multiply Group (Multiply) has signed a binding commitment to invest AED 275 million (US$75 million) in global visual content creator and marketplace Getty Images.
With a broad portfolio that includes the Getty Images, iStock and Unsplash brands, the company reaches and empowers a broad base of retained customers ranging from international enterprises to amateur creators.
Multiply Group’s investment is connected to the planned merger between Getty Images and CC Neuberger Principal Holdings II a special-purpose acquisition company (SPAC) sponsored by CC Capital and Neuberger Berman. The deal is expected to close in the first half of 2022
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