Getty Images to Buy Jupitermedia's Stock Image Business for $96 Million
How many stock photos can you buy for $96 million? A whole lot. And that’s just what Getty Images will be getting from Jupitermedia Corporation (which, incidentally, is mediabistro.com warm and loving parent company). In a deal announced today, Seattle-based Getty Images—which, as you’ll recall, Hellman & Friedman took private this summer—will buy Jupitermedia’s online images business, Jupiterimages, for $96 million in cash. Jupitermedia’s board of directors has approved the deal and it will now go up for a shareholder vote.
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