Getty's $3.7 billion attempt to buy Shutterstock faces in-depth investigation in the UK

Britain's Competition and Markets Authority (CMA) has launched an in-depth merger investigation into Getty Images' proposed $3.7 billion acquisition of Shutterstock. The CMA's initial review raised concerns that the deal could lead to higher prices, less favorable commercial terms, or a decrease in the quality of editorial and stock images available in the UK. The watchdog is examining the potential impact of combining these two major U.S. companies, which license content like photos, illustrations, music, and videos to various British businesses, including media companies, advertisers, and designers. The CMA's decision to escalate the investigation stems from concerns that the merger might substantially lessen competition in the UK market for visual content. Getty Images expressed disappointment but reiterated its commitment to the deal, stating it will continue working with regulators and... download the app to read more