Weak Interest Puts Getty Auction In Jeopardy

Posted on 2/11/2008 by Jim Pickerell | Printable Version | Comments (1)

Getty Images received no offers that were significantly above its $1.6 billion market value according to unidentified people who briefed The New York Times. The company's stock declined Monday on the news.

Among those who had expressed interest in Getty last month were Kohlberg Kravis Roberts & Co., Bain Capital LLC and Providence Equity Partners Inc. The lukewarm interest probably means the current owners will continue to operate the company and there will be no major changes for the foreseeable future.

Copyright © 2008 Jim Pickerell. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-461-7627, e-mail: wvz@fpcubgbf.pbz
Jim Pickerell is founder of www.selling-stock.com, an online newsletter that publishes daily. He is also available for personal telephone consultations on pricing and other matters related to stock photography. He occasionally acts as an expert witness on matters related to stock photography. For his current curriculum vitae go to: http://www.jimpickerell.com/Curriculum-Vitae.aspx.  

Comments

  • Laura Dwight Posted Feb 12, 2008
    Serves them right, for the value they have drained out of the photo licensing business.

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