Mergers & Acquisitions ·
Getty Images Holdings, Inc. has decided to terminate its merger agreement with Shutterstock, Inc. following regulatory…
GETYGetty Images Holdings, Inc.
Getty Images Holdings, Inc. has decided to terminate its merger agreement with Shutterstock, Inc. following regulatory hurdles from the U.K. Competition and Markets Authority regarding the sale of Shutterstock's editorial business. Following the termination, the company's 10.500% senior secured notes due 2030 will be redeemed via a special mandatory redemption. Getty Images is also seeking financial advice on strategic financing alternatives. Getty Images Holdings, Inc. operates in the visual media and stock photography industry.