Getty Images announces cancellation of merger plan with Shutterstock

Getty Images said Tuesday that it has canceled its merger plan with Shutterstock, because the UK competition regulator required the sale of Shutterstock's editorial business as a condition for approving the deal. The two largest companies in the licensed visual content industry announced the deal in January, aiming to create a $3.7 billion stock image giant for the AI era. (Sina Finance)
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