By Connor Hart
Getty Images has called off its merger with Shutterstock after a U.K. regulator said the latter company must sell its editorial business in order for the merger to be approved.
Getty on Tuesday delivered a written notice to Shutterstock terminating their merger agreement, which was first announced in January 2025 and received clearance from the Justice Department this April.
The notice came after Getty said last week that its board had voted to not proceed with the deal if it meant selling Shutterstock's editorial business--a condition required by the U.K. Competition and Markets Authority.
Shares of Getty slipped 2.8%, to 89 cents, in premarket trading. Shares of Shutterstock, meanwhile, ticked were flat at $9.19.
Getty said it will redeem its 10.5% senior secured notes due 2030 following the termination of the agreement.
Write to Connor Hart at connor.hart@wsj.com