Cleared by the US, derailed by the UK: Getty’s Shutterstock merger falls apart

Getty is backing out of a $3.7 billion merger with Shutterstock due to UK regulatory restrictions. The deal was previously cleared by the US Department of Justice. The UK regulator requires Shutterstock to sell its editorial business, which Getty is unwilling to accept. This move affects the future of the merger and Shutterstock's business. Getty will file a termination of the merger agreement.