MergerJun 30, 2026, 05:22 PM
Getty Images Terminates Shutterstock Merger Agreement
AI Summary
Getty Images Holdings, Inc. announced the termination of its merger agreement with Shutterstock, Inc. The decision followed the U.K. Competition and Markets Authority's (CMA) condition for clearance, which required the sale of Shutterstock's editorial business. Getty Images' Board unanimously resolved not to proceed with this condition, leading to the termination of the agreement after July 6, 2026. Consequently, Getty Images' 10.500% senior secured notes due 2030 will be redeemed, and the company plans to retain a financial advisor to explore strategic financing alternatives.
Key Highlights
- Getty Images terminated its merger agreement with Shutterstock.
- Decision followed UK CMA's condition to sell Shutterstock's editorial business.
- Getty Images Board unanimously resolved not to proceed with the CMA's condition.
- Merger Agreement termination effective after July 6, 2026.
- Getty Images' 10.500% senior secured notes due 2030 will be redeemed.
- Company plans to retain a financial advisor for strategic financing alternatives.
Price Impact
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