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News  ›  Benzinga

UK Competition and Markets Authority Refers Proposed Merger of Getty Images and Shutterstock for Phase 2 Review

Benzinga Logo Benzinga By Globe Newswire
UK Competition and Markets Authority Refers Proposed Merger of Getty Images and Shutterstock for Phase 2 Review

The UK's Competition and Markets Authority (CMA) has referred the proposed merger between Getty Images and Shutterstock to a Phase 2 review process, despite Getty Images offering comprehensive remedies to avoid the review.

Insights
KLAC   positive

Shares up nearly 100% year-to-date, recent sell-side upgrades, and potential for positive commentary on order backlog and China developments


GETY   negative

The company is disappointed by the CMA's decision to proceed with a Phase 2 review, which could potentially delay or complicate their proposed merger with Shutterstock