Getty Images today announced that it has agreed to be acquired by a private equity firm, Hellman & Friedman. From the press release:
SEATTLE, Feb 25, 2008 (BUSINESS WIRE) — Getty Images Inc. (NYSE:GYI), the world’s leading creator and distributor of visual content and other digital media, announced today that it has entered into a definitive merger agreement to be acquired by affiliates of the private equity firm Hellman & Friedman LLC in a transaction valued at approximately $2.4 billion, including the assumption of existing debt…
…Hellman & Friedman LLC is a leading private equity investment firm with offices in San Francisco, New York and London. The Firm focuses on investing in superior business franchises and serving as a value-added partner to management in select industries including media and marketing services, financial services, professional services, information services, healthcare and energy. Since its founding in 1984, Hellman & Friedman has raised and, through its affiliated funds, managed over $16 billion of committed capital and is currently investing its sixth partnership, Hellman & Friedman Capital Partners VI L.P., with over $8 billion of committed capital. Representative investments in media and marketing services include: DoubleClick Inc., Catalina Marketing Corporation, Young & Rubicam Inc., Digitas Inc., The Nielsen Company, and Axel Springer AG. For more information, visit www.hf.com.
So I ask you, dearest readership, the following questions. Please answer all, some, or none in the comments below:
1)Please fill in the missing word in the title of this post.
2)Do you believe this will affect you personally, either as a non-contributor or as a contributor?
3)What is the master plan in place here?
4)Do you care?
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I’ll post my answers to these questions tomorrow. Please post yours now.
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