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Shutterstock Inc (NYSE:SSTK) shares are rising in extended trading on Tuesday after the company announced shareholder approval for its proposed merger with Getty Images Holdings, Inc (NYSE:GETY).
What To Know: At a special meeting on Tuesday, Shutterstock’s shareholders approved the adoption of the merger agreement between the company and Getty Images, with approximately 82% voting in favor.
“We are very pleased that our stockholders recognize the compelling rationale of this transaction and look forward to the successful completion of our merger with Getty Images,” said Paul Hennessy, CEO of Shutterstock.
“Our complementary strengths will allow us to better serve customers while also delivering exceptional value to our partners, contributors and stockholders in a fast-evolving and competitive environment.”
The transaction is expected to close in the second half of 2025, subject to regulatory approvals.
By now, you're likely curious about how to participate in the market for Shutterstock — be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option or sell a call option at a strike price above where shares are currently trading — either way it allows you to profit off of the share price decline.
SSTK, GETY Price Action: Tuesday after-hours at publication, Shutterstock shares were up 10.53% at $20.99 and Getty was up 11.24% at $1.88, according to Benzinga Pro.
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Photo: KVN1777/Shutterstock.
