Getty Images to be Acquired by Private Equity Firm in $2.4 Billion Deal

This just in: Getty Images has entered into an agreement to be acquired by the private equity firm Hellman & Friedman in a transaction valued at approximately $2.4 billion, which includes the assumption of Getty’s existing debt. The deal will give Getty shareholders $34.00 in cash for each share of common stock, a price that represents a 55% premium over the closing price on January 18, the last trading day before the company announced that it was exploring “strategic alternatives.”