Getty Images is terminating its $3.7bn Shutterstock merger after the UK's CMA demanded a sale it would not accept, despite US antitrust clearance.

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.

The $3.7B deal is being terminated after the UK required Shutterstock to sell its editorial business.