Carlyle Group completes Getty Images acquisition

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Getty Images has announced that it has successfully been acquired by The Carlyle Group for $3.3bn

Author: Olivier Laurent

The Carlyle Group first announced its intention to acquire Getty Images in August, in a transaction valued at around $3.3bn. The deal came four years after Hellman & Friedman bought Getty Images for $2.4bn.

The acquisition has now been completed, with The Carlyle Group taking a controlling stake in Getty Images, and the agency's co-founder and chairman Mark Getty, the Getty family and CEO Jonathan Klein investing equity in the company.

In a press statement, Klein welcomes the deal: "We are pleased to announce the completion of this transaction in partnership with The Carlyle Group. The Carlyle Group's global resources and network will be a great help to us as we move Getty Images forward into the next phase of our development and growth."

Eliot Merrill, managing director of The Carlyle Group, asks: "In the last seventeen years, Getty Images has established itself as a leading digital media company and a business steeped in innovation. We look forward to partnering with Getty Images' experienced and talented management team in expanding the company's global footprint."

For more on the deal, read BJP's full coverage:

Getty Images sells for $3.3bn - 15 August 2012

Getty Images CEO declares 'nothing will change for contributors' after its sale - 15 August 2012

 

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Comments

shares for photographs please

Photographers whose work forms part of collections bought and sold like these should be given shares proportionate to the number of images held by these people-none of whom of course took any photographs themselves, and if the photographer is dead the shares to be given to their descendants, and the process to continue each time the company is taken over (again).

Posted by: Peter Harrap on 21 Oct 2012 at 15:01

shares for photographs please

Photographers whose work forms part of collections bought and sold like these should be given shares proportionate to the number of images held by these people-none of whom of course took any photographs themselves, and if the photographer is dead the shares to be given to their descendants, and the process to continue each time the company is taken over (again).

Posted by: Peter Harrap on 21 Oct 2012 at 15:02

@Peter Harrap: Yes!

Full support for this concept of the photographer's share!

Posted by: Fritz on 22 Oct 2012 at 10:20

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