Getty Images up for sale

Posted by Jean Yves Chainon on January 21, 2008 at 3:59 PM

Getty Images, the world’s leading supplier of stock pictures and video, has been put up for sale and could be valued at an estimated $1.5 billion.

Goldman Sachs will handle the transaction and likely suitors are private equity firms including Kohlberg Kravis Roberts and Bain Capital.

Getty was founded in 1995 and claims four million unique monthly visitors.

Getty, along with rivals Jupitermedia and Corbis, have all suffered from the rise of online competitors. Getty laid off about 100 employees last August.

Source: paidcontent.org