Getty Images shares initially fell but reversed after the UK’s Competition and Markets Authority (CMA) referred its proposed merger with Shutterstock to a Phase 2 review process. The CMA cited concerns over competition, prompting Getty Images to offer “comprehensive remedies.” Despite this setback, Getty Images remains committed to the merger and is working with Shutterstock and the CMA to secure required approvals expeditiously.
Note: I simplified the text by removing technical jargon and rephrasing complex sentences for better clarity.
Source: https://www.benzinga.com/trading-ideas/movers/25/11/48604076/getty-shares-are-trading-higher-monday-whats-going-on