UK regulator refers Getty-Shutterstock merger for an in-depth investigation
1. UK watchdog to investigate Getty Images and Shutterstock merger. 2. Concerns over remedies offered by companies prompted investigation.
FAQ
Why Bearish?
The investigation may delay or block the merger, impacting SSTK's market position. Historical cases show that similar inquiries have led to decreased stock performance for involved companies.
How important is it?
The investigation's implications on the merger directly affect Shutterstock's competitive landscape and future growth, hence the moderate importance for SSTK's valuation.
Why Short Term?
Immediate market reactions and potential impacts will surface as the investigation unfolds, reflecting investor concerns. Recent cases, such as the blocked merger of AT&T and Time Warner, show short-term volatility around such announcements.