EconomyGetty Images plans bankruptcy filing and privatization after failed Shutterstock merger
Getty Images plans to file for bankruptcy and go private through a restructuring deal after its proposed merger with Shutterstock collapsed. It says it secured $533 million from the Getty family and Charles Koch’s investment firm to reduce debt. The process is expected to finish by year-end, with no anticipated impact on contributors, partners, customers, or employees.
Getty Images plans bankruptcy filing and privatization after failed Shutterstock merger
Economy