Getty family to buy majority stake in Getty Images from Carlyle
The Getty family said on Tuesday it would acquire Carlyle Group`s majority stake in photo agency Getty Images Inc.
The Getty family will acquire all of Carlyle`s equity interests in Getty Images for cash plus units that provide the private equity firm with an ongoing financial interest in the future growth of the company.
Carlyle had acquired a stake of just over 50 percent in Getty Images from Hellman & Friedman LLC in a $3.3 billion deal in 2012.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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