The regulator has allowed the companies until October 27 to present proposals that tackle its issues.
In January 2025, Getty Images and Shutterstock, both based in the US, reached a merger agreement. The merged entity, factoring in debt, will be assessed at around $3.7 billion and will emerge as a top international supplier of visual content. The business will be called Getty Images Holdings, and its stocks will be listed on the New York Stock Exchange.
The CMA started the initial phase of its examination of the agreement on August 22. After this assessment, the regulator determined that "the merger of the companies is expected to lead to a meaningful reduction in competition in one or more markets in the UK."
The statement indicated that the CMA will initiate a comprehensive examination of the agreement if Getty Images and Shutterstock fail to provide satisfactory proposals to resolve its issues.
The firms indicated that they are still collaborating with the CMA and remain dedicated to finalizing the agreement.
source: bloomberg.com
In January 2025, Getty Images and Shutterstock, both based in the US, reached a merger agreement. The merged entity, factoring in debt, will be assessed at around $3.7 billion and will emerge as a top international supplier of visual content. The business will be called Getty Images Holdings, and its stocks will be listed on the New York Stock Exchange.
The CMA started the initial phase of its examination of the agreement on August 22. After this assessment, the regulator determined that "the merger of the companies is expected to lead to a meaningful reduction in competition in one or more markets in the UK."
The statement indicated that the CMA will initiate a comprehensive examination of the agreement if Getty Images and Shutterstock fail to provide satisfactory proposals to resolve its issues.
The firms indicated that they are still collaborating with the CMA and remain dedicated to finalizing the agreement.
source: bloomberg.com