The Wall Street Journal-20080122-Getty Images Inc-- Private-Equity Groups Express Interest in a Takeover Deal
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Getty Images Inc.: Private-Equity Groups Express Interest in a Takeover Deal
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Getty Images Inc. has put itself up for sale, according to people familiar with the matter. A number of private-equity buyers have expressed interest in the Seattle photo agency, which could fetch about $1.5 billion, these people say. Getty was founded in 1995 and serves media and corporate customers. The company's photo offerings include sporting events and celebrities. In 2006, the last full year for which it reported earnings, Getty posted revenue of $807 million and net income of $130 million. News of the sale was reported by the New York Times.
