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Getty Images auction draws initial bids of around $4 bln

Posted on 06 July 2012

The auction for a potential sale of Getty Images Inc. has progressed to the second round, with several private-equity firms putting in initial bids of around $4 billion, people familiar with the matter said.
Buyout firms KKR & Co. and TPG are among at least five bidders that remain interested in privately-owned Getty, these people said. The Seattle-based photo agency distributes stock photographs, video footage and digital images to media and other organizations around the world. ……………………………………….Full Article: Source


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