UK Regulator Scrutinizes Shutterstock-Getty Images Merger in Phase 2 Review

The UK Competition and Markets Authority (CMA) has referred the proposed merger between Shutterstock and Getty Images to a Phase 2 review, despite Getty Images offering remedies to avoid the extended review. Shutterstock expressed disappointment in the decision but remains committed to completing the merger. The review will assess potential competition issues and determine whether the merger is in the public interest.