Getty Images Sold to Carlyle Group for $3.3 Billion
Getty Images, the largest stock photo archive, has been sold to private equity firm the Carlyle Group for $3.3 billion, according to Bloomberg, Reuters, and other sources. The sale comes three months after Hellman & Friedman, the private equity firm that has owned Getty Images since 2008, began preparations to sell the stock agency.
According to a statement released today by the Carlyle Group, Getty co-founders Jonathan Klein and Mark Getty will invest “significant equity” in the company.
Hellman & Friedman was reported to have paid $2.4 billion to buy Getty in 2008. According to news reportsback in May, the firm was hoping to get as much as $4 billion for the agency. (Full disclosure: Hellman & Friedman also owns Nielsen, parent company of PDN.)