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Getty Images has scrapped its $3.7 billion merger with Shutterstock after the UK’s Competition and Markets Authority imposed an unacceptable condition. The deal collapse highlights the challenges of cross-border M&A in heavily regulated industries.
Getty Images has entered into a multi-year licensing agreement with OpenAI to integrate licensed photos into ChatGPT search, enhancing AI-generated visual content.
Getty Images surged in value after striking a licensing deal with OpenAI, marking a dramatic shift from its previous legal stance against AI developers.