Shutterstock
Coverage of Shutterstock in the Nexus archive.
- Getty scraps $3.7B Shutterstock deal after UK antitrust requires key sale
Getty Images has terminated its $3.7 billion merger agreement with Shutterstock after the UK Competition and Markets Authority required the sale of Shutterstock's editorial business to an approved buyer. Getty's board unanimously rejected proceeding with the deal under this condition, citing concerns over regulatory demands.
- Getty scraps $3.7bn Shutterstock merger after UK watchdog order
Getty has canceled a $3.7 billion merger with Shutterstock after the UK Competition and Markets Authority (CMA) imposed conditions. US regulators had previously approved the deal.
- Cleared by the US, derailed by the UK: Getty’s Shutterstock merger falls apart
Getty is terminating its $3.7 billion merger with Shutterstock due to UK regulatory conditions requiring the sale of Shutterstock's editorial business. The US Department of Justice had previously approved the deal unconditionally, but the UK Competitions and Markets Authority imposed restrictions that Getty refuses to accept.
- Shutterstock Shares Fall After Getty Says It Will End Merger
Shutterstock's shares fell after Getty Images Holdings Inc. announced it would end the merger. The merger was being explored by Getty with Shutterstock according to sources.
- Shutterstock to pay $35M over hard-to-cancel subscriptions
Shutterstock will pay $35 million to settle allegations over illegal subscription cancellation practices. The settlement is related to hard-to-cancel subscriptions. The Federal Trade Commission (FTC) is involved in the case.
- UK Mulls Shutterstock’s Editorial Business Sale for Getty Deal
The UK is considering the sale of Shutterstock's editorial business as part of a potential deal with Getty. The article is attributed to photographer Tiffany Hagler-Geard of Bloomberg.