Getty Images confirms it's for sale

By Stephen Shankland on 23 January 2008

Tags: getty | images | stock | company | sale | seattle | york times | robert | seller | capital

Getty Images, a major seller of stock photos and other licensed media, confirmed on Tuesday a New York Times report that it's for sale.

Or at least that its board is "exploring strategic alternatives to enhance shareholder value," according to a company statement.

The company didn't comment on the Times' report that the most interested buyers were private-equity firms such as Kohlberg Kravis Roberts and Bain Capital, or that its price could go as high as US$1.5 billion.

Getty hired Goldman Sachs as financial adviser and Weil Gotshal & Manges as legal adviser, the Seattle-based company said.

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