Getty Images shareholders approve $2 billion sale to private equity group

iht.com     Jun 20, 2008            

Shareholders say Getty Images Inc. can go ahead with its plan to sell itself to private equity group Hellman & Friedman of San Francisco. After taking a beating from Wall Street for two years, Getty Images, the leading provider of stock photography and video, agreed to a $2 billion buyout offer February. Seattle-based Getty's board has already approved the deal that won shareholder support with Friday's vote. In addition to paying $34 per share for Getty's nearly 60 million outstanding shares, Hellman & Friedman will also take on about $300 million... [read full story]                    


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