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Getty sold

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PaulieWalnuts:
It'll be interesting to see what happens to Getty and what they decide to do with Istock.

http://biz.yahoo.com/ap/080225/getty_images_sale.html?.v=1

Seren:
Interesting news indeed!  Looking forward to the changes that could be ahead!

StockManiac:
I'm really surprised that they paid so much for it.  With microstock taking a firm hold in the industry, I don't see profits for this company going anywhere but downward.

But the real travesty in this, is that not one artist will probably make anything from this sale.  Without our images, this company would be an empty shell and worthless.

michealo:
Actually Getty has a phenomenal return on invested capital.

And if you take iStock as an example, they have more sales per image on a larger portfolio with higher prices each year and on the operational side they have economies of scale.

You can be sure that iStock is worth a lot more than the 50 million that was paid for it. On a 10X sales multiple one could see IS being worth $250 million today and thats only a small part of Gettys business.

sharpshot:
They haven't paid that much for it as a few months ago the shares were worth more than they are now offering.  They probably have to pay this much to get all the shares.  A lot of people would have paid more for their shares than this offer and I think they have to buy a large percentage to be able to compulsory purchase the rest.

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