Getty Images Is Looking For A Buyer, By The End Of The Month!
The New York times reports that Getty Images is now up for sale. The world’s biggest supplier of pictures and video to media and advertising companies, has put itself on the auction block and could fetch more than $1.5 billion, people briefed on the situation said Sunday.
Getty was founded back in 1995 and current has a catalogue of 3.2 billion images and 4 million unique visitors to its website each month. These figures make the company very lucrative. Goldman Sachs was hired to advise it on a potential sale and Getty has already attracted several potential buyers, mostly private equity firms, including Kohlberg Kravis Roberts, Bain Capital and others.
Bids for the company are due to be finalised by the end of the month. A sale is not assured, but with this high end company being up for grabs, I wouldn’t be surprised if a few private equity firms join forces to finalise a sale.
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