Home / Business and Economy / UK Watchdog Cites Concerns in Getty-Shutterstock Deal
UK Watchdog Cites Concerns in Getty-Shutterstock Deal
19 Feb
Summary
- UK watchdog has provisional concerns over editorial content supply.
- Global stock content market merger cleared by the watchdog.
- Companies disagree and will respond by a March 12 deadline.
Britain's competition watchdog has issued a provisional finding of concern regarding the proposed merger of visual content giants Getty Images and Shutterstock. The Competition and Markets Authority (CMA) has identified issues specifically related to the supply of UK editorial content. This decision marks a significant hurdle for the $3.7 billion deal, which combines two of the world's largest providers of visual assets.
Despite the concerns in the UK editorial market, the CMA has cleared the merger concerning the global stock content market. Getty Images and Shutterstock have stated their disagreement with the provisional findings on editorial content. They are preparing to file their responses by the March 12 deadline. The companies are also continuing their engagement with the U.S. Department of Justice, which is conducting its own review of the proposed merger.
