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00:02Getty Images called off its planned merger with Shutterstock after the UK's competition.
00:07Watchdog required Shutterstock to sell its editorial business as a condition for approval,
00:12according to Reuters. The companies announced the deal in January last year to create a $3.7
00:17billion stock image company focused on the AI era. Britain's competition and markets authority
00:24cleared the merger in May, but only if Shutterstock sold its editorial arm to address concerns over
00:29the supply of news content in the country. Getty shares rose about 26% to $1.08 in Tuesday's
00:36extended trading, while Shutterstock shares fell about 14% to $12. For all things money, visit Benzinga.com.
