US regulator requests more information on Getty, Shutterstock merger

3rd April 2025 18:50

(Alliance News) - Getty Images Holdings Inc and Shutterstock Inc on Thursday said the US Department of Justice has requested more information regarding the companies' proposed merger.

Getty is a Seattle, Washington-based stock visual media company, its counterpart Shutterstock is based in New York City.

The DOJ's request for additional information and documentary material was issued under notification requirements of the Hart‑Scott‑Rodino Antitrust Improvements Act of 1976.

This "second request" extends the waiting period imposed by the HSR Act until 30 days after Getty Images and Shutterstock have substantially complied with the request, unless that period is extended voluntarily by the parties or terminated sooner by the DOJ.

Getty commented: "Getty Images and Shutterstock intend to continue working cooperatively with the DOJ and other non‑US regulators to obtain regulatory clearance for the proposed merger as expeditiously as possible. The proposed transaction remains subject to Shutterstock stockholder approval as well as other customary closing conditions."

The companies continue to expect the transaction to close in the second half of 2025.

Getty shares were down 9.0% at USD1.57 on Thursday afternoon in New York. Shutterstock was down 8.8% at USD16.54.

By Aidan Lane, Alliance News reporter

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