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Written by Ron Rovtar, Managing Editor, the Stock Asylum
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Tuesday, 22 January 2008 |
 When the going gets tough, the folks at Getty Images get going –– apparently in the opposite direction.
The New York Times reported this morning that Getty's management has put the company up for sale. The move follows a series of setbacks that have led investors to pummel the company's stock price over the last nine quarters.
Citing unnamed sources, the Times reported that several firms, including private equity company's like Kohlberg Kravis Roberts and Bain Capital, have expressed an interest in Getty. The Seattle company could sell for more than $1.5 billion, the newspaper said. Getty's current market capitalization of just over $1.3 billion,
But a deal is not certain in the current financial climate.
And any potential buyer should spend a lot of time asking itself a number of questions about where it plans to take this company. From the outside, the stock photography industry looks considerably different than it appears from the inside, meaning that new owners will have to climb a steep learning curve if they really hope to be successful.
Continue reading Getty Up for Sale. . .at the Stock Asylum (SUBSCRIPTION REQUIRED)
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