UK competition watchdog begins probe into Getty Images-Shutterstock deal

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Synopsis

Britain’s Competition and Markets Authority (CMA) has opened an inquiry into Getty Images’ planned $3.7 billion merger with Shutterstock. The probe will assess whether the deal harms competition in the digital media market.

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Britain’s antitrust watchdog on Friday said it has launched an investigation into US-listed Getty Images‘ $3.7 billion merger with rival Shutterstock.

The Competition and Markets Authority said it set October 20 as the deadline for its phase I decision on the investigation.

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UK competition watchdog begins probe into Getty Images-Shutterstock deal


Synopsis

Britain’s Competition and Markets Authority (CMA) has opened an inquiry into Getty Images’ planned $3.7 billion merger with Shutterstock. The probe will assess whether the deal harms competition in the digital media market.

Image for UK competition watchdog begins probe into Getty Images-Shutterstock dealAgencies
Britain’s antitrust watchdog on Friday said it has launched an investigation into US-listed Getty Images‘ $3.7 billion merger with rival Shutterstock.

The Competition and Markets Authority said it set October 20 as the deadline for its phase I decision on the investigation.

Elevate your knowledge and leadership…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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