AFI BLOG: Media and Technology

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How did Getty Images (NYSE: GYI) decide to put itself up on the auction block, a process resulting in its $2.4 billion sale to PE firm Hellman & Friedman? In a monstrous SEC filing, the company has published the slides its banker, Goldman Sachs, presented to the board to help it pursue strategic alternatives. [...]

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Getty Images to Be Taken Private for $2 Billion - The Wall Street Journal
Getty Images Inc., one of the world’s premier photo agencies, agreed to a $2 billion buyout from private-equity firm Hellman & Friedman LLC.
Hellman will pay $34 a share, a 55% premium to its closing price on Jan. 18, the day before it [...]

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Getty Images Confirms Search For Strategic Alternatives - paidContent.org
Getty Images (NYSE: GYI) is confirming rumors that the company is exploring strategic alternatives. The NYT reported late on Sunday that the company was looking for a sale that could fetch shareholders $1.5 billion. The announcement doesn’t go into specifics, except that it has hired Goldman Sachs [...]

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