The United States Department of Justice have concluded their review into the proposed merger of photo agencies Getty Images and Shutterstock and it’s a green light from them.
“We are very pleased with the DOJ’s decision in recognizing the merits of this transaction,” said Craig Peters, CEO, Getty Images. “With today’s DOJ clearance, we take a significant step forward in bringing together these two companies and unlocking opportunities to strengthen our financial foundation and invest in our future.”
Added Paul Hennessy, CEO, Shutterstock, “By combining our complementary strengths, we will be able to deliver even better service and support for customers and contributors over time. We will continue to work alongside Getty Images to secure the remaining necessary approval for this transaction.”
Just the UK Competition and Markets Authority review results to wait for now – due on or around the 19 April.