UK CMA refers Getty Images-Shutterstock merger to Phase 2 review

Getty Images Holdings, Inc.

UK Competition and Markets Authority (CMA) referred the proposed Getty Images-Shutterstock merger to a Phase 2 review.
Getty Images offered comprehensive remedies to avoid Phase 2 but is disappointed by CMA's decision.
Company remains committed to the merger and will continue engaging with CMA to expedite clearances.
Phase 2 review may delay or block the deal; no specific timeline provided.

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