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Getty Images Purchased for $3.3 Billion

by Eric Von Lehmden | August 15, 2012

digital photography, photo news, getty, stock images

American private equity firm Carlyle Group announced today that it has agreed to drop $3.3 billion to acquire Getty Images from private equity firm Hellman & Friedman. H&F purchased Getty Images just four years ago for $2.4 billion, so it seems that the stock photo company is doing decently well.

The original asking price by H&F was reportedly $4 billion, but after private negotiations amongst other private equity firms, none of them were willing to top Carlyle’s bid.

Carlyle Group won’t emerge from this deal with a 100% grip on the company, as they’ve simply acquired a majority stake in the company, giving it control, while co-founder Mark Getty and the Getty family will own the rest.

Getty Images, which has an impressive archive of 80 million stock photos and illustrations, was founded back in 1995 by Chairman Mark Getty - son of British oil tycoon Paul Getty - and current CEO Jonathan Klein.

(via Reuters)

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Tips-n-Tricks #322

When taking group photos with your DSLR make sure your aperture isn't too wide (ie 2.8). This can cause for some people to be in focus and others to be slightly out of focus because of the depth of field. To be safe, make sure your aperture is at least at f4.5 or f5.6.


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