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Getty Images acquires Jupiterimages for $96 million

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New York—Jupitermedia Corp. announced Thursday that it has agreed to sell its online images business to Getty Images for $96 million in cash.

Jupitermedia CEO Alan Meckler said the company would use the proceeds from the sale to pay off all its bank debt and focus on the growth of its online media division, which includes internet.com, EarthWeb.com, DevX.com, Mediabistro.com and Graphics.com.

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