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Getty family strikes deal for majority stake in Getty Images: Digital Photography Review

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The Getty household is working to regain management of inventory picture company Getty Photographs, in line with a number of experiences printed late final week. Sources claimed to Monetary Instances that the Getty household is working to purchase again Carlyle Group’s 51% fairness stake, which it acquired six years in the past.

Although the phrases of the deal have not been formally revealed, FT claims the Getty household is paying roughly $250 million with about $2.35 billion in current debt rolling over. That is in comparison with the approx. $500 million that Carlyle Group paid years in the past to accumulate the bulk stake.

On September 4, The Wall Road Journal reported that the Getty household confirmed a deal together with each money and “items that present Carlyle with a unbroken monetary curiosity.” Nonetheless, particular phrases for the association weren’t disclosed. The household confirmed to WSJ that the deal is predicted to shut by the top of Q3 2018.

Through: Monetary Instances

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