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DOJ Clears Getty Images–Shutterstock Merger Without Conditions

By  |  February 23, 2026
Getty Images

Getty Images Holdings, Inc. and Shutterstock, Inc. have received clearance from the United States Department of Justice (DOJ) for their planned merger, marking a significant development in the companies’ proposed combination. According to a statement, the DOJ has completed its review of the transaction and the waiting period required under the Hart-Scott-Rodino Act has expired without any conditions attached.

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    The companies described the decision as an important milestone in their effort to unite the two visual content providers. Craig Peters, CEO of Getty Images, said, “We are very pleased with the DOJ’s decision in recognizing the merits of this transaction. 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.”

    Shutterstock CEO Paul Hennessy also emphasized the anticipated benefits of the merger. “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,” he said.

    Read more: UK Flags Editorial Content Concerns in Getty-Shutterstock Merger

    Per a statement, the companies expect the merger to generate meaningful cost savings and efficiencies, particularly across selling, general and administrative expenses as well as capital expenditures, once the transaction is completed. Executives have previously indicated that these synergies are central to the financial rationale behind the deal.

    While U.S. regulators have signed off, the merger remains under review in the United Kingdom. According to a statement, the UK Competition and Markets Authority (CMA) issued an interim report on February 19 as part of its ongoing Phase 2 investigation. Getty Images and Shutterstock said they are continuing discussions with the CMA ahead of a final decision, which is expected by April 19.

    The companies stated that they are working to provide additional information to help the CMA better understand the dynamics of the editorial imagery market and how the proposed merger would position the combined company to compete effectively. Based on what they described as the merits of the transaction and broader market conditions, Getty Images and Shutterstock said they remain hopeful that the UK regulator will reach a conclusion similar to that of the DOJ and other authorities worldwide.

    Source: News Room