Getty Abandons $3.7 Billion Shutterstock Merger Due to UK Antitrust Conditions
Getty Images has terminated its planned $3.7 billion merger with Shutterstock after the UK's Competition and Markets Authority (CMA) required the sale of Shutterstock’s editorial business as a condition for approval, which Getty refused to comply with. The decision led to an immediate market reaction, with both companies' shares declining in early trading.
Topics: antitrust Getty Images merger termination Shutterstock