Carlyle Buys Getty Images From Hellman & Friedman
Carlyle Group LP (CG), the world’s second-largest private-equity firm, agreed to buy photo archive Getty Images Inc. from Hellman & Friedman LLC in a deal valued at $3.3 billion.
Carlyle will acquire a controlling stake in the company, while Getty co-founder and Chairman Mark Getty and the Getty family will roll “substantially all” of their ownership interests into the transaction, Washington-based Carlyle said today in a statement. Getty Images’ management, including co- founder and Chief Executive Officer Jonathan Klein, will also invest “significant equity” in the company, Carlyle said.
Read more here: http://www.bloomberg.com/news/2012-08-15/carlyle-buys-getty-images-from-hellman-friedman.html
Contest - Photography
Past Winners
JOM Jr
Past Issues
Contest - Video
Past Winners
PPAGLA Office 3607 West Magnolia Boulevard #H - Burbank - California - 91505
Website and Content © 2012 - Press Photographers Assn. of Greater Los Angeles. 2012. Images and video contained within this website are for viewing purposes only and are registered with the U.S. Copyright Office, Washington, D.C.. Images may not be downloaded, distributed or published in any matter or form without written permission.