Business / Reel
Business · Video brief
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...
Video won't play? Watch on YouTube →
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.
Read the full story →
More in Business
Business
Busin
Business
China moves to wrap up saga of troubled property giant Evergrande after founder gets life sentence
Business
Busin
Business
Cuba says US sanctions are blocking its efforts to open the economy to private investment
Business
Busin
Business
0 Comments
No comments yet. Be the first.