The Carlyle Group announced Wednesday that it has agreed to buy Getty Images for $3.3 billion. Carlyle, the second-largest private equity group, will take a controlling stake in the photo archive and co-founder and chairman Mark Getty and the Getty family will roll nearly all of their ownership interests into the transaction. "We are delighted to collaborate with Carlyle, with its formidable pedigree and success, and take the business into its next phase of development and growth," Jonathan Klein, Getty's CEO, said in a statement. Also read: Getty Folds Its Cards Founded in 1995, Seattle-based...
- 8/15/2012
- by Alexander C. Kaufman
- The Wrap
Private equity firm Carlyle Group on Wednesday said it has teamed with the management team of Getty Images to acquire the photo agency for $3.3 billion from current private equity owner Hellman & Friedman. Carlyle will acquire a controlling stake in Getty, while co-founder and chairman Mark Getty and the Getty family "will roll substantially all of their ownership interests into the transaction," the partners said. Getty, including co-founder and CEO Jonathan Klein, will also invest equity in the company. THR has commercial arrangements with Getty for its photo service. Hellman & Friedman acquired the firm
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- 8/15/2012
- by Georg Szalai
- The Hollywood Reporter - Movie News
Blogging engine Squarespace has just concluded its first external funding round in seven years, garnering $38.5 million in cash from Index Ventures and Accel Partners. The plan is to use it to better "redefine publishing" online.
Squarespace's founder and lead-programmer Anthony Casalena explains in a blog posting that he sees it as critical that companies reinvent themselves "or face extinction." In this case, $39 million will really help Squarespace do a lot of shuffling things around.
Accel Partners and Index Ventures are actually joining Squarespace's management team, bringing "expertise and resources," along with the founder and CEO of Getty Images, Jonathan Klein. New, big name talent will definitely add a certain pizazz to management decisions, though Casalena is careful to note the changes are via a minority investment, and the original team is still very much in charge. The investment itself will be used to let Squarespace "more rapidly produce the sort...
Squarespace's founder and lead-programmer Anthony Casalena explains in a blog posting that he sees it as critical that companies reinvent themselves "or face extinction." In this case, $39 million will really help Squarespace do a lot of shuffling things around.
Accel Partners and Index Ventures are actually joining Squarespace's management team, bringing "expertise and resources," along with the founder and CEO of Getty Images, Jonathan Klein. New, big name talent will definitely add a certain pizazz to management decisions, though Casalena is careful to note the changes are via a minority investment, and the original team is still very much in charge. The investment itself will be used to let Squarespace "more rapidly produce the sort...
- 7/14/2010
- by Kit Eaton
- Fast Company
Getty Images
We knew it! Tiger Woods orchestrated his “first public appearance” with a photo agency!
Tiger Woods, we knew those photos looked fake! Tiger reportedly approached Getty Images to shoot the pics, days before his public apology.
We called it the day the photos were taken, Feb. 19! After disappearing completely from the public eye for three months, Tiger suddenly showed up smiling, casually running with a trainer in his hometown of Windermere, Florida. And it was “coincidentally” on the very same day that his rep released a statement saying that he would be issuing a public apology the next day. It sounded too good to be true…and it was!
Jonathan Klein, CEO of Getty Images, told CNBC, “We were approached and Tiger happened to know the photographer (Sam Greenwood) and has known him for a long time.”
Now we wasn to know if the photos of Elin Nordegren...
We knew it! Tiger Woods orchestrated his “first public appearance” with a photo agency!
Tiger Woods, we knew those photos looked fake! Tiger reportedly approached Getty Images to shoot the pics, days before his public apology.
We called it the day the photos were taken, Feb. 19! After disappearing completely from the public eye for three months, Tiger suddenly showed up smiling, casually running with a trainer in his hometown of Windermere, Florida. And it was “coincidentally” on the very same day that his rep released a statement saying that he would be issuing a public apology the next day. It sounded too good to be true…and it was!
Jonathan Klein, CEO of Getty Images, told CNBC, “We were approached and Tiger happened to know the photographer (Sam Greenwood) and has known him for a long time.”
Now we wasn to know if the photos of Elin Nordegren...
- 2/26/2010
- by emily
- HollywoodLife
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