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?
I’ll post my answers to these questions tomorrow. Please post yours now.
You can certainly see your expertise in the work you write. The arena hopes for more passionate writers such as you who are not afraid to mention how they believe. Always go after your heart. “There are only two industries that refer to their customers as users.” by Edward Tufte.
Really? I just wrote out a ridiculously thoughtful comment, and it is not showing up for some peculiar reason.
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