Shutterstock responds to UK regulator's merger review findings

Shutterstock Inc. (NYSE: SSTK) issued a statement regarding the UK Competition and Markets Authority's provisional findings on its proposed merger with Getty Images. The company expressed satisfaction with the CMA's conclusion that the merger would not create competition issues in the global stock content market.

The company disagreed with the regulator's provisional finding that the merger may result in a substantial lessening of competition in the UK editorial market. Shutterstock stated it does not believe the analysis reflects the composition of the UK market, regional competition levels, or available customer alternatives.

The CMA's interim report represents part of the ongoing regulatory review process for the proposed merger between the two image licensing companies. Shutterstock indicated it will file its response to the interim report according to the CMA's timeline.

The company also continues to work with the U.S. Department of Justice as that agency conducts its own review of the transaction. Both regulatory bodies are examining the competitive implications of combining two major players in the digital content licensing industry.

The merger was first announced and requires approval from multiple regulatory authorities before completion. Getty Images filed registration documents with the Securities and Exchange Commission in March 2025, which became effective in April 2025.

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