Getty Images to File Chapter 11, Go Private With Koch
Getty Images to File Chapter 11, Go Private With Koch
Less than four months after walking away from a $3.7 billion merger with Shutterstock, Getty Images has announced a prepackaged Chapter 11 bankruptcy plan to restructure roughly $2.1 billion in debt, with the Getty family and Koch Equity Development committing up to $533 million in new equity to take the company private.