Getty Images and Shutterstock Merger Review Concluded
Getty Images (GETY) and Shutterstock (SSTK) announced that the United States Department of Justice has concluded its review of the companies' proposed merger of equals and the applicable waiting period under the Hart-Scott-Rodino Act has expired, without conditions. The merger transaction is expected to deliver substantial synergies across SG&A and CAPEX following close . Prior to the DOJ's decision, in the United Kingdom, the Competition and Markets Authority issued its interim report on February 19 as part of the ongoing Phase 2 review. Getty Images and Shutterstock are actively engaged with the CMA ahead of the CMA's final decision due by April 19, to further the CMA's understanding of the Editorial market and how the merger enhances the combined company's ability to serve customers, contributors, and partners in a highly competitive marketplace. Based on the merits of the transaction and market realities, Getty Images and Shutterstock remain hopeful that the CMA will reach a conclusion consistent with the DOJ and other regulators around the globe.
