Carlyle Group to buy Getty Images for $4.1b
(REUTERS) - Private equity firm Carlyle Group LP will form a partnership with the management of Getty Images to buy Getty Images Inc from Hellman & Friedman for $3.3 billion (S$4.1 billion), the companies said on Wednesday.
Carlyle will take a controlling stake in Getty, a distributor of photos, video and multimedia products.
Reuters reported on Tuesday that Carlyle was nearing an agreement to purchase Getty.
Mr Mark Getty, Getty Images' chairman, and the Getty family will put nearly all their ownership interests into the deal as well, and chief executive officer Jonathan Klein will also participate in the deal.