CMA Initiates Phase 2 Review of Shutterstock-Getty Images Merger
Written by Emily J. Thompson, Senior Investment Analyst
CMA Review: The UK's Competition and Markets Authority has referred the proposed merger of Shutterstock and Getty Images to a Phase 2 review process.
Getty's Response: Getty Images attempted to offer remedies to avoid this Phase 2 review.
Shutterstock's Reaction: Shutterstock expressed disappointment at the CMA's decision but remains committed to the merger.
Future Engagement: Shutterstock plans to continue engaging with the CMA and collaborating with Getty Images to secure the necessary clearances.
Analyst Views on GETY
Wall Street analysts forecast GETY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GETY is 7.00 USD with a low forecast of 7.00 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 1.300
Low
7.00
Averages
7.00
High
7.00
Current: 1.300
Low
7.00
Averages
7.00
High
7.00
About GETY
Getty Images Holdings, Inc. is a global visual content creator and marketplace company. The Company offers a full range of content solutions to meet the needs of any customer around the globe. Through its Getty Images, iStock and Unsplash brands, websites and application programming interfaces (APIs), the Company serves customers and discovers, purchases and shares visual content from photographers and videographers. The Company covers approximately 160,000 news, sport and entertainment events, providing depth and breadth of coverage. The Company also maintains photographic archives in the world with millions of images dating back to the beginning of photography. It works with approximately 557,000 contributors and more than 320 content partners to deliver a range of content. Its Getty Images, iStock, and Unsplash brands categorize its content and services into three categories: Creative, Editorial, and Other. Its Gettyimages.com offers premium creative content and editorial coverage.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
