BUZZ-Shutterstock, Getty gain; UK's CMA conditionally clears merger

Shutterstock, Inc.
Getty Images Holdings, Inc. Class A

Shutterstock, Inc.

SSTK

0.00

Getty Images Holdings, Inc. Class A

GETY

0.00

** Photo distributor Shutterstock's SSTK.N shares rise 1.1% to $16.20 premarket; rival Getty Images' GETY.N stock gain 3.8% at 74 cents premarket

** UK's Competition and Markets Authority (CMA) conditionally approves SSTK's merger with rival GETY

** Merger can reduce options for media outlets, allowing prices for images to rise - CMA

** Concludes that the sale of SSTK's global editorial business "could resolve the competition concerns identified"

** Up to last close, SSTK has fallen 16.1% so far this year, GETY has lost 46.7%


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