Stock Market Movers: Dell, Block, Duolingo, Zscaler, CoreWeave, Autodesk, Rocket, MARA 
Asian Markets Slide as Nvidia Earnings, U.S.-Iran Tensions and AI Valuations Weigh on Investor Sentiment 
Japan Nominates Reflationist Economists to BOJ Board, Signaling Policy Shift 
Amazon’s $50B OpenAI Investment Tied to AGI Milestone and IPO Plans 
Ecuador Raises Tariffs on Colombian Imports to 50% Amid Border Security Dispute 
Trump Orders Federal Agencies to Halt Use of Anthropic AI Technology 
Snowflake Forecasts Strong Fiscal 2027 Revenue Growth as Enterprise AI Demand Surges 
MOEX Russia Index Hits 3-Month High as Energy Stocks Lead Gains 
Dominican Republic Unveils Massive Rare Earth Deposits to Boost High-Tech and Energy Sectors 
Boeing Secures $166.8 Million U.S. Navy Contract for P-8A Engineering and Software Support 
Paramount Skydance to Acquire Warner Bros Discovery in $110 Billion Media Mega-Deal 
Germany and China Reaffirm Open Trade and Strategic Partnership in Landmark Beijing Visit 
China’s New Home Prices Post Sharpest Drop Since 2022 Amid Ongoing Property Slump 
Netflix Stock Jumps 14% After Exiting Warner Bros Deal as Paramount Seals $110 Billion Acquisition 
OGQ Corp., a Korean content platform, is reportedly buying Getty Images’ local unit. The acquisition is part of its move to expand its contents and improve the firm’s financial structure.
OGQ is a startup company but slowly making its way to the top already. And with its takeover of the Korean unit of Getty Images, one of the most well-known stock content firms in the world, it is clearly expanding fast.
According to The Korea Economic Daily, OGQ is currently in talks with Getty Images and negotiating the details and conditions of the deal. Sources reportedly shared that while the talks are ongoing, the content firm is said to be raising ₩50 billion or around $42.6 million for the acquisition too. It was added that OGQ’s plan is to be a major shareholder in Getty Images Korea.
"OGQ, however, is not making money yet, which is natural for a startup in a growth period,” an insider said. “The acquisition is likely to help, given Getty Image’s strong cash flow.”
Once the deal is completed, OGQ is expected to use Getty Images Korea’s vast content assets and in the process would help improve its financial structure. KED further reported that the Korean division of the British-American visual media company that supplies stock images, videos, and more for businesses, has been maintaining a yearly operating profit of more or less ₩1 billion. In 2020, it reported a ₩1.7 billion in operating profit with ₩13.6 billion in revenue.
Meanwhile, OGQ was founded in 2011, and AfreecaTV Co. has become one of its major investors after injecting ₩5 billion in 2019. After this huge investment, OGQ acquired the digital asset content technology company, Listen Soft. This was the firm’s first acquisition following AfreecaTV’s investment.
At that time, OGQ C&C’s general manager, Yoon Kyung Lee, said that they will continue to invest and acquire companies to broaden their asset contents and now, it is in talks to acquire Getty Images Korea. This shows that the company continues to do well and getting bigger as years pass.
