UK Competition Authority Challenges Getty-Shutterstock Merger Over Market Dominance Concerns
The proposed £245 million merger between Getty Images and Shutterstock faces regulatory hurdles as the UK Competition and Markets Authority warns of substantial competition concerns. Both companies must now propose remedies within one week to address issues identified in the Phase 1 investigation or face a more intensive Phase 2 review.
Regulatory Scrutiny Intensifies
The proposed merger between visual content giants Getty Images and Shutterstock has encountered significant regulatory obstacles, according to reports from the United Kingdom‘s competition watchdog. The Competition and Markets Authority (CMA) has determined that the combination poses a “major risk to competition” in editorial content supply both within the UK and globally.