A uk regulator has warned that the proposed $3.7 billion merger between getty images and shutterstock could reduce competition. Getty images remains committed to the proposed merger and will continue to engage with the cma and work with shutterstock to expeditiously secure the necessary clearances. The regulator said monday that.
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The competition and markets authority (cma) opened the initial investigation phase in august after determining there was sufficient risk that the merger of the two firms would harm competition in the stock image market
Getty images and shutterstock agreed to merge in january, with the combined entity valued at approximately $3.7 billion including debt
The cma had previously announced on august 22 that it was examining whether the merger would result in a substantial lessening of competition within the markets where these companies operate.
