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

  • The UK Competition and Markets Authority referred the proposed merger between Shutterstock & Getty Images to a Phase 2 review process.
  • Getty Images offered comprehensive remedies to avoid the Phase 2 review.
  • Shutterstock expressed disappointment at the decision but remains committed to the transaction.
  • Both companies will continue engaging with the CMA to secure necessary regulatory clearances expeditiously.
  • A proxy statement/prospectus regarding the transaction was declared effective by the SEC on April 30, 2025.
  • Forward-looking statements in the release are subject to risks that could cause actual results to differ materially from expectations.