Cleared by the US, derailed by the UK: Getty’s Shutterstock merger falls apart

Getty says it’s “not required” to judge support conditions that would unit Shutterstock to offload its editorial business. | Image: The Verge

Getty is readying to axe its $3.7 cardinal merger agreement with Shutterstock aft a UK regulator imposed restrictions that would forestall portion of Shutterstock's concern from being included successful the deal. The determination comes contempt the US Department of Justice granting the woody "unconditional antitrust clearance" successful February.

In an SEC filing published connected Tuesday successful the US, Getty said it is "not required to accept" approval conditions outlined by the UK Competitions and Markets Authority successful May that necessitate Shutterstock to merchantability its planetary editorial business, including the Backgrid and Splash paparazzi agencies.

Those conditions person proved unapp …

Read the afloat communicative astatine The Verge.