Getty Images files for bankruptcy, pushes ahead with plan to go private

Getty Images filed for Chapter 11 bankruptcy in Delaware on Wednesday. The Getty family and Koch Equity Development will put in up to $533M and own the whole company, which expects to finish the process by year-end. The filing follows a failed Shutterstock merger and growing competition from AI images. Getty Images filed for Chapter […] This story continues at The Next Web

Read it at The Next Web ↗

← Front page