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.