Corporate Ownership and Management
In February 2008 it was announced that Getty Images would be acquired by Hellman & Friedman in a transaction valued at an estimated US$2.4 billion. On July 2, 2008, Getty Images announced the completion of its acquisition by the private equity firm Hellman & Friedman. Getty Images common stock ceased trading on the New York Stock Exchange at the close of the acquisition and was delisted from the New York Stock Exchange.
In 2012, H&F engaged investment bankers to sell the company. While a price of $4 billion was initially discussed, in August when the private equity firm Carlyle Group emerged as the likely acquirer, the price under consideration was said to be $3.3-3.4 billion. CVC Capital Partners Ltd. was also said to have been bidding but had yet to top Carlyle's price. The sale to Carlyle thereafter was announced at $3.3 billion, with co-founders Getty and Klein and the Getty family all carrying their investments over into the new ownership structure. Getty will also continue to serve as chairman and Klein as chief executive.
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