Keyword → merger termination

Shutterstock Plunges 28% as Getty Images Terminates $3.7 Billion Merger — UK CMA Editorial Divestiture Condition Rejected

Jul 1, 2026

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Shutterstock Plunges 28% as Getty Images Terminates $3.7 Billion Merger — UK CMA Editorial Divestiture Condition Rejected

Shutterstock fell 28% in premarket trading after Getty Images announced it will terminate their $3.7 billion merger agreement by July 6, refusing the UK Competition and Markets Authority's condition that Shutterstock divest its editorial business. Getty's board voted unanimously against the divestiture and will now pursue a special mandatory redemption of its 10.5% senior secured notes due 2030 while engaging a financial advisor to explore strategic financing alternatives.

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