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Getty scraps $3.7B Shutterstock deal after UK antitrust requires key sale
Getty Images has pulled out of a $3.7 billion merger with Shutterstock due to UK antitrust requirements. The UK demanded that Shutterstock sell its editorial business, leading Getty to cancel the deal. This decision has resulted in a drop i...
Getty Images has pulled out of a $3.7 billion merger with Shutterstock due to UK antitrust requirements. The UK demanded that Shutterstock sell its editorial business, leading Getty to cancel the deal. This decision has resulted in a drop in stock prices for both companies. Full story and more reels: https://newsreel.video #business #Getty #Shutterstock #antitrust #mergers
Originally reported by AP News.
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