From Dealroom · · 40s
Getty Scraps $3.7B Shutterstock Merger
Getty Images cancels $3.7 billion merger with Shutterstock after UK regulators demand Shutterstock sell its editorial business.
In brief
Getty Images cancels $3.7 billion merger with Shutterstock after UK regulators demand Shutterstock sell its editorial business. Getty Images terminated its $3.7 billion merger with Shutterstock following UK regulatory conditions requiring Shutterstock to divest its editorial business. Originally reported by Dealroom.
Getty Images
Getty Images has moved to terminate its $3.7 billion merger with rival Shutterstock, rejecting conditions set by UK regulators.
Regulatory Condition
The UK Competition and Markets Authority demanded Shutterstock sell its global editorial arm, including celebrity and news photo agencies.
Termination Impact
Termination triggers a special mandatory redemption of Getty's 10.5% senior secured notes due 2030, under an indenture dated October 21, 2025.
The bottom line
Getty Images terminated its $3.7 billion merger with Shutterstock following UK regulatory conditions requiring Shutterstock to divest its editorial business.
