Quartz·1 min read·medium
Getty Images is filing for bankruptcy and going private in a $533 million Koch deal
✦AI Summary
Getty Images is preparing to file for a prepackaged Chapter 11 bankruptcy as part of a $533 million deal to go private. The agreement involves the Getty family and Koch Equity Development taking full ownership of the company.
Why it matters
This significant financial restructuring marks a major shift in ownership for one of the world's largest stock photography providers.
The photo company plans a prepackaged Chapter 11 process in the coming…
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