Getty says it’s “not required” to accept approval conditions that would force Shutterstock to offload its editorial business. | Image: The Verge
Getty is planning to axe its $3.7 billion merger agreement with Shutterstock after a UK regulator imposed restrictions that would prevent part of Shutterstock’s business from being included in the deal. The move comes despite the US Department of Justice granting the deal “unconditional antitrust clearance” in February.
In an SEC filing published on Tuesday in the US, Getty said it is “not required to accept” approval conditions outlined by the UK Competitions and Markets Authority in May that require Shutterstock to sell its global editorial business, including the Backgrid and Splash paparazzi agencies.
<div><img width="300" height="188" src="https://www.naijanews.com/wp-content/uploads/2020/09/Bayo-Adelabu-300x188.jpg" class="attachment-medium size-medium wp-post-image" alt="Blackout: Power Minister Explains What Caused National Grid Collapse" decoding="async" style="margin-bottom: 15px;" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2020/09/Bayo-Adelabu-300x188.jpg 300w, https://www.naijanews.com/wp-content/uploads/2020/09/Bayo-Adelabu-768x480.jpg 768w, https://www.naijanews.com/wp-content/uploads/2020/09/Bayo-Adelabu.jpg 900w" sizes="(max-width: 300px) 100vw, 300px" /></div>
<p>The Minister of Power, Adebayo Adelabu, on Saturday, allayed fears about his safety following the crash of an aircraft conveying him and some of his aides near the Samuel Ladoke Akintola Airport in Ibadan, the Oyo State capital. Naija News earlier reported that the HS 125 aircraft, a private jet operated by Flint Aero, crash-landed […]</p>
<p>The post <a href="https://www.naijanews.com/2023/11/04/power-minister-adelabu-allays-fear-of-safety-after-private-jet-crash/">Power Minister, Adelabu Allays Fear Of Safety After Private Jet Crash</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
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