Getty officially terminates merger agreement with Shutterstock

Golden Ten Data, July 7th｜Getty Images has officially terminated its merger agreement with Shutterstock, despite the UK Competition and Markets Authority (CMA) having previously given conditional approval to the deal. In May this year, CMA approved the merger plan, but added the condition that Shutterstock must sell its editorial business to an approved buyer. CMA's investigation concluded that the merger of the two companies would weaken competition in the UK media market and could result in price increases. With Getty announcing the termination of the merger, CMA will cease its subsequent review of the case.