Latest development4 months ago
Getty Images Scraps Merger with Shutterstock
Getty Images has cancelled its merger plans with Shutterstock without disclosing reasons, reshaping the commercial image platform landscape.
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Netflix shares dropped 3.47% in premarket trading to $78.83 following a failed acquisition attempt. Fox outbid Netflix in a massive $22 billion takeover battle for Roku. Subsequently, rumors surrounding Netflix acquiring Lionsgate Studios Corp collapsed overnight, as the media and entertainment sector enters a terminal consolidation phase altering capital flows.
Getty Images has cancelled its merger plans with Shutterstock without disclosing reasons, reshaping the commercial image platform landscape.
Read the full storyThe dissipation of speculative buyout chatter between Netflix and Lionsgate highlights the risks of chasing unverified M&A rumors in a consolidating market.
Netflix stock fell 3.47% premarket after Fox outbid the streaming giant with a massive $22 billion takeover offer for Roku.