Shutterstock Shares Plunge After Getty Images Merger Termination
By EC Assets · Published
Shutterstock shares fell sharply today after Getty Images terminated their planned merger. The digital content marketplace saw its stock plunge following the announcement. The proposed $3.7 billion combination was initially signed in January 2025. Shutterstock shares plummeted around 29% to $9.95 in volatile extended trading. In pre-open trading, the stock declined 28.0%. After-hours trading saw shares fall to $10.01, a 28.24% drop. Getty Images' board unanimously voted to abandon the merger. This decision came after UK regulators demanded Shutterstock sell its editorial business. The companies abandoned the transaction after the British Competition and Markets Authority raised concerns. Getty Avenues stock was up approximately 1.1% at $0.87 in extended trading. The merger would have created a dominant force in the stock photography market. The average price target for Shutterstock is $28.85. This target is 105.63% higher than the current price. The consensus rating for Shutterstock is "Hold." This article is intended for informational purposes only. It does not constitute investment advice.
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