Getty Images scraps Shutterstock merger

Getty Images Holdings Inc. has announced the cancellation of its planned merger with Shutterstock Inc. This decision follows a specific ruling issued by UK regulators. Consequently, Shutterstock Inc. shares experienced a significant decline, plunging approximately 30% during after-hours trading sessions. The termination of the deal marks a definitive end to the merger process between the two companies, directly impacting the market valuation of Shutterstock Inc. following the regulatory intervention in the United Kingdom.