Photo: economictimes.indiatimes.com
UK Regulator Launches Deep Dive into Getty-Shutterstock Merger Plans
The United Kingdoms Competition and Markets Authority is investigating the merger plans between Getty Images and Shutterstock due to unresolved competition concerns, despite Gettys proposed remedies.
- The Competition and Markets Authority announced an in-depth review of the Getty Images and Shutterstock merger plans after the companies proposed remedies did not alleviate regulatory concerns.
- Getty Images expressed disappointment over the CMAs decision, emphasizing its commitment to merging with Shutterstock and its intention to continue engaging with the regulator.
- The investigation highlights potential implications for the stock photography market in the United Kingdom, raising concerns about competition and consumer choice in the industry.
Why It Matters
This investigation by the Competition and Markets Authority reflects ongoing scrutiny of major mergers in the tech and media sectors, signaling regulators commitment to maintaining competitive markets. The outcome could influence future mergers and acquisitions in the stock photography industry.