Reported about 10 hours ago
The UK's Competition and Markets Authority has announced an in-depth investigation into Getty Images' $3.7 billion acquisition of Shutterstock. The regulator is concerned that the merger could lead to higher prices and reduced quality for visual content. Amid increasing competition from AI-generated images, Getty remains committed to the deal, while both companies claim to be working on remedies to address the watchdog's concerns. A final decision from the CMA is expected by April 16.
Source: YAHOO