Getty Images is terminating its planned $3.7 billion merger with Shutterstock after the UK competition regulator conditions approval on divestiture. Multiple outlets report that the UK regulator requires Shutterstock to sell its editorial business as part of the deal. Getty’s board decides the condition is not in the company’s best interests, and the company moves to cancel the merger rather than revise the agreement to comply. The companies had announced the merger in January 2025, describing it as a step toward building a large visual content and imagery business. Several sources characterize the regulator’s divestment requirement as a deal-breaker for Getty, with the company not seeking to proceed on those terms. Reporting also notes that both firms face increasing competitive pressure from AI image generators, though the merger cancellation is attributed specifically to the UK regulatory requirement. Following the decision, Getty notifies Shutterstock that it will scrap the merger plans.