United Kingdom: Competition and Markets Authority published interim report on remedies for Shutterstock's acquisition of Getty Images
Description
Competition and Markets Authority published interim report on remedies for Shutterstock's acquisition of Getty Images
On 16 April 2026, the Competition and Markets Authority (CMA) published its interim report on remedies concerning the anticipated acquisition by Getty Images Holdings of Shutterstock. The CMA provisionally concluded that two remedies each represent an effective and proportionate remedy to the substantial lessening of competition (SLC) provisionally found in the supply of editorial content in the United Kingdom: the Wider Shutterstock Editorial Divestiture and the Prohibition Remedy. The CMA provisionally found the Wider Shutterstock Editorial Divestiture to be the least onerous remedy and identified it as its preferred remedy, subject to which the Merger may proceed. The CMA provisionally concluded that the Parties' Remedy Proposal, divestiture of the Backgrid and Splash brands only, would not represent an effective remedy, as it omits Shutterstock Editorial. The CMA provisionally found no material relevant costs associated with either an effective remedy and no sufficient evidence that the Merger would generate Relevant Customer Benefits. The CMA invited representations on its provisional conclusions by 23 April 2026.
Original source