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Shutterstock shares crash 29% after Getty Images calls off $3.7 billion merger
Shutterstock shares plunged nearly 30% after Getty Images scrapped its $3.7 billion merger following UK regulator objections. The Competition and Markets Authority required divestment of Shutterstocks editorial business, leading Getty to walk away. The collapse hit investor sentiment as both firms now face rising competition from AI-generated image tools.
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cryptobriefing.com
Getty Images scraps merger with Shutterstock after UK scrutiny
Getty Images cancels its $3.7 billion merger with Shutterstock after the UK's CMA demanded divestiture of Shutterstock's global editorial business as a
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hollywoodreporter.com
Getty Images Abandons $3.7 Billion Merger With Shutterstock
The photo giant chalks up the scuttling of the deal to a U.K. regulator requiring a divestiture of its rival's editorial business, a non-starter for the company.
