The CMA's final Phase 2 report is a binary event for the merger's completion. Without details on the decision, traders should watch for a subsequent filing or press release clarifying whether the deal was cleared, blocked, or conditioned. The stock's reaction will depend on the CMA's specific ruling.
Price Chart
Executive Summary
Shutterstock disclosed that the UK Competition and Markets Authority (CMA) issued its final Phase 2 report on May 15, 2026, regarding the company's pending merger with Getty Images. The filing provides no details on the CMA's decision or any conditions imposed, leaving the deal's regulatory outcome and timeline uncertain.
Key Financial Metrics
Key Facts
- CMA issued its final Phase 2 report on May 15, 2026, for the Shutterstock-Getty Images merger.
- The filing does not disclose the CMA's decision, conditions, or any changes to deal terms.
- The merger was previously announced and the proxy statement/prospectus was filed on April 30, 2025.
- The filing is a Rule 425 communication under the Securities Act, related to the business combination.
Financial Impact
No financial figures disclosed; the CMA's final report outcome is unknown.
Risk Factors
- CMA could block or impose conditions that materially alter deal economics or timeline.
- Delayed or failed merger could lead to breakup fees and strategic uncertainty for Shutterstock.
- Lack of disclosed details may indicate adverse outcome or ongoing negotiations.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001140361-26-021506 |
| Document: 0001140361-26-021506-index-headers.html | 0001140361-26-021506 |
| Document: 0001140361-26-021506-index.html | 0001140361-26-021506 |
| Document: 0001140361-26-021506.txt | 0001140361-26-021506 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 4, 2026 8w ago | Press Release | $6.24 $5.75 | ▲ +7.85% | ▲ +7.25% | $3.81 (+38.94%) |
Jul 9, 2026 12w ago | Press Release | $8.73 $5.91 | ▼ −32.30% | ▼ −34.54% | $3.81 (−56.36%) |
Jul 9, 2026 12w ago | 8-K | $8.73 $5.91 | ▲ +32.30% | ▲ +34.54% | $3.81 (+56.36%) |
Jul 1, 2026 13w ago | 425 | $9.90 $5.70 | ▲ +42.42% | ▲ +40.24% | $3.81 (+61.52%) |
Jul 1, 2026 13w ago | 8-K | $9.90 $5.70 | ▲ +42.42% | ▲ +40.24% | $3.81 (+61.52%) |
May 15, 2026 20w ago | 425 | $16.52 $13.62 | ▼ −17.55% | ▼ −19.67% | $3.81 (−76.94%) |
May 15, 2026 20w ago | 8-K | $16.52 $13.62 | ▼ −17.55% | ▼ −19.67% | $3.81 (−76.94%) |
Apr 24, 2026 23w ago | 10-K/A | $17.48 $16.28 | ▼ −6.87% | ▼ −10.89% | $3.81 (−78.20%) |
Apr 20, 2026 23w ago | 8-K | $17.99 $16.71 | ▼ −7.12% | ▼ −12.03% | $3.81 (−78.82%) |
US Market Status
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