[Commons-l] Getty Images sells for US$2.4B

[Brianna Laugher]

<http://dealbook.blogs.nytimes.com/2008/02/25/getty-images-to-sell-itself-to-hellman-friedman/?ref=business>

"The price, based on a bid of $34 a share, represents a 55 percent
premium over the company's share price on Jan. 18, the day before it
announced it was "exploring strategic options." Hellman & Friedman's
bid is 39 percent higher than Getty's closing stock price of $24.45 on
Friday.

"Through a series of acquisitions, Getty grew to become the world's
largest distributor of high-quality pictures and video. Still, fears
about increased competition from lower-cost Internet-based rivals have
taken their toll on Getty's stock price, prompting the company to seek
a buyout."

Dare I suggest H&F didn't get a very good deal.
But I suppose they were smart to move faster than [[Encyclopædia
Britannica, Inc.]].

cheers
Brianna

-- 
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