Getty Images confirms it's for sale

Getty, the biggest licensor of stock photos and other digital media, confirms that it's hired Goldman Sachs to "explore strategic alternatives." In other words, it's for sale.

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 $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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Photography
About the author

Stephen Shankland has been a reporter at CNET since 1998 and covers browsers, Web development, digital photography and new technology. In the past he has been CNET's beat reporter for Google, Yahoo, Linux, open-source software, servers and supercomputers. He has a soft spot in his heart for standards groups and I/O interfaces.

 

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