$2 Billion Dollar Deal to Take Getty Images Private
By Ryan • Feb 26th, 2008 • Category: News for Creatives (archives), PhotographyBy Kristi Heim of The Seattle Times:
“Getty Images, the photo giant that spent the past 12 years acquiring dozens of smaller companies, has now agreed to be bought by private investors in a $2.1 billion deal.
Faced with declines in its core business and relentless hammering of its stock by Wall Street, the Seattle company said Monday it will revert to private ownership.
Private equity firm Hellman & Friedman has offered to buy Getty for $34 a share in cash, for a total $2.1 billion, and it will assume about $300 million in debt.“
Ryan is
Email this author | All posts by Ryan
