Getty Images sold for $2.4 billion

February 26, 2008

Photo library Getty Images is being bought by US private equity firm Hellman & Friedman for $2.4bn (£1.2bn).

The offer exceeds the expectations of City analysts, who had predicted the stock photo giant would sell for around $1.5bn.

Despite its move into online photos, uncertainties about the future of the stock photography market have pushed Getty Images’ share value down 53% in the past year.

link: H&F press release in full

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