Shutterstock (SSTK) shareholders approved the proposed merger with Getty Images (GETY) during a special meeting.
About 82% of the issued and outstanding shares voted in favor of the merger, Shutterstock said Tuesday in a statement.
The merger is expected to close in H2, subject to regulatory approvals.
Shutterstock shares rose 7.8% in after-hours trading, and Getty advanced 11%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.