Getty Images terminates $3.7 billion Shutterstock merger
Corroborated by 3 sources from 3 publishers
TL;DR
Getty scraps $3.7bn Shutterstock merger after UK watchdog order The companies initially agreed to the deal in order to fend off AI competition. Getty Images has moved to terminate a $3.7 billion merger with rival Shutterstock due to restrictions imposed by UK regulators, The Wall Street Journal reported. The canceled agreement between the two stock photo giants shows that US approval isn't necessarily all that's needed to get a deal done.
Sources
1
Financial Times Companies
https://www.ft.com/content/9638e870-b667-46ca-b430-0dfd11df9c94
2
Engadget
https://www.engadget.com/2205695/getty-images-canceling-shutterstock-merger-uk-restrictions
3
Yahoo Finance News
https://finance.yahoo.com/media-advertising/articles/getty-images-terminates-3-7-130045150.html
4
Yahoo Finance News
https://finance.yahoo.com/media-advertising/articles/getty-shutterstock-ai-era-merger-154511293.html