GETY is trading 5.8% down at $0.85 today after Getty Images' Board resolved to terminate its merger agreement with Shutterstock, effective after July 6, 2026. - The termination follows the U.K. Competition and Markets Authority's condition for merger clearance, which required Getty to sell Shutterstock's editorial business. - This development marks the collapse of the $3.7 billion combination and will trigger a special mandatory redemption of Getty Images' 10.5% senior secured notes due 2030.