I have been contemplating uploading some of my photos with Getty’s sub
royalty-free photo company, istock.com for a while now. Here is some
recent news that caught my attention. Getty Images Inc. has agreed to a
$2.1 billion buyout from the private equity firm Hellman &
Friedman LLC. San Francisco-based Hellman & Friedman offered $34
per share in cash for all of Getty’s shares, a 39 percent premium over Friday’s
close. The company’s shares jumped $7.22, or 29.5 percent, to $31.67
Monday. Good news for a company who’s stock has been taking a beating
over the last two years. The downward trend is due to many stock photo
buyers, mostly from print publications lowered budgets. It makes me wonder
what the next two years holds considering the trends in digital
publishing. This will be an interesting industry to watch.