June 5, 2012

Getty Images owners weigh sale or IPO

The owners of Getty Images Inc, the largest supplier of stock photos, video and other digital content, have retained bankers to examine a possible sale or public offering of the business, a person close to the matter said Tuesday.

Hellman & Friedman, the U.S. private equity fund which bought the business four years ago for $2.4 billion, is working with Goldman Sachs Group Inc  and JPMorgan Chase & Co, the source said.

A sale or IPO of Getty could value the company at $4 billion, the source said.

Hellman & Friedman and JPMorgan declined to comment. Goldman Sachs was not immediately available for comment.

The news was reported earlier by the Financial Times.

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