Carlyle Group Rumored To Be Buying Getty Images
The Carlyle Group is rumored to be in the lead for a bid on Getty Images according to sources with The New York Times. Carlyle has been competing against other private equity companies like CVC Capital Partners. Getty will be bought form Hellman & Friedman, a company that acquired Getty for $2.4 billion in 2008. The new sale of Getty Images is rumored to be worth at about $3.3 billion. Getty’s stock had fallen around 73% before the LBO took place due to lower-cost rivals.