Core Viewpoint - The UK's Competition and Markets Authority (CMA) has referred the proposed merger between Shutterstock and Getty Images to a Phase 2 review process, despite Getty Images offering remedies to avoid this outcome. Shutterstock expresses disappointment but remains committed to the merger and plans to work with the CMA and Getty Images to secure necessary clearances [1]. Company Overview - Shutterstock operates as a platform that transforms ideas into impactful outcomes, leveraging a global network of creators and advanced technology to provide essential resources for businesses and creatives. The company boasts the world's largest and most diverse collection of high-quality licensable assets, data, AI solutions, and full-service studio production [2]. Merger Details - The proposed merger involves significant regulatory scrutiny, as indicated by the CMA's decision to escalate the review process. This development highlights the complexities and challenges associated with large-scale mergers in the creative and media sectors [1][9].

Core Viewpoint - Shutterstock has received notice from the UK's Competition and Markets Authority (CMA) regarding their intent to refer the proposed merger with Getty Images to a Phase 2 review unless acceptable undertakings are provided to address competition concerns [1] Company Overview - Shutterstock operates as a global creative platform, providing high-quality creative content and solutions powered by a vast network of creators and advanced technology [2] Merger Details - The proposed merger between Shutterstock and Getty Images is currently under scrutiny by the CMA, which may lead to a more in-depth review process if competition concerns are not adequately addressed [1] - Shutterstock remains committed to the merger and is actively engaging with the CMA and Getty Images to secure necessary clearances [1]