Liquid Treat AgencySpy AdsoftheWorld BrandsoftheWorld more TVNewser TVSpy LostRemote GalleyCat AppNewser PRNewser 10,000 Words FishbowlNY FishbowlLA FishbowlDC MediaJobsDaily SocialTimes AllFacebook AllTwitter semanticweb.com

Carlyle Group to Pay $3.3 Billion for Getty Images

dollar camera.jpgTime flies when you’re having fun with photos. It was four years ago that Hellman & Friedman acquired Getty Images—the world’s largest distributor of stock photos, video, and other digital content—in a take-private deal valued at $2.4 billion. Since the deal closed, Getty Images has expanded its photographer grant program, partnered with Flickr on an imagery collection, launched a site devoted to stock photo rights, and tussled in court with a maker of car air fresheners. The company has also paid out a whopping $875 million in dividends, and now its private equity fund owner is cashing out. Enter an even bigger PE player, the Carlyle Group, which has inked a deal to acquire Getty Images for $3.3 billion. Additionally, Getty Images co-founder and chairman Mark Getty and the Getty family “will roll substantially all of their ownership interests into the transaction,” according to a statement issued yesterday. Getty Images management, including co-founder and CEO Jonathan Klein, will also invest significant equity in the company. The transaction is expected to close later this year.

Mediabistro Event

Find Out How To Land Your Dream Job

Job Search IntensiveLooking for guidance as you job hunt? Look no further. Join our Job Search Intensive, an interactive online event starting June 11, 2013. Over four weeks, you’ll watch live weekly webcasts featuring HR professionals, career experts, and recruiters who will share best practices for landing interviews and getting hired. Register here.