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BtoB

Hellman & Friedman affiliates to acquire Getty Images for $2.4 billion

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Seattle—Stock photo giant Getty Images announced Monday that it has agreed to be acquired by affiliates of the private equity firm Hellman & Friedman in a deal valued at about $2.4 billion, including the assumption of existing debt.

Under the terms of the agreement, Getty Images stockholders will receive $34 in cash for each outstanding share of common stock, which represents a 55% premium. Getty had announced last month that it was exploring strategic alternatives after rumors swirled about a possible sale.

The deal, which is subject to shareholder approval, is expected to close in the second quarter.

—Carol Krol

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