Author Topic: more news from VCG: more M&A, this time is Getty Images (Read 4609 times)

williamju · « **on:** January 29, 2016, 05:22 »

according to the latest disclosure from VCG (Visual China Group): more M&A right after the purchase of Corbis Images, this time is Getty Images

file got from stock exchange http://www.tukusheying.com/info/es_t_20160129111259.html

Justanotherphotographer · « **Reply #1 on:** January 29, 2016, 06:16 »

Thank for the update, I am having trouble understanding what the announcement is. What does M&A stand for?

Ploink · « **Reply #2 on:** January 29, 2016, 06:19 »

Merger & Acquistion, me thinks...

But I can't read the Chinese text...

Justanotherphotographer · « **Reply #3 on:** January 29, 2016, 06:23 »

Quote from: Ploink on January 29, 2016, 06:19

Merger & Acquistion, me thinks...

But I can't read the Chinese text...

Thanks, I knew I was being dim but couldn't pull it

Jo Ann Snover · « **Reply #4 on:** January 29, 2016, 09:49 »

Google translate renders the top part as:

"VCG announced that it is shares Getty Images

According to the announcement last night vision China (Visual China Group, referred to VCG) disclosure, VCG is working with Getty Images to discuss equity cooperation.

Getty and Corbis unified thing, Jonathan Klein admitted that he did not do something for 21 years, it has been VCG do. Now, unity and beauty canopy cover things, but also by VCG you do it? Wait and see."

Maui · « **Reply #5 on:** January 29, 2016, 11:38 »

Quote from: Jo Ann Snover on January 29, 2016, 09:49

Now, unity and beauty canopy cover things,

Sounds almost poetic

Jo Ann Snover · « **Reply #6 on:** January 29, 2016, 13:43 »

Quote from: Maui on January 29, 2016, 11:38

Quote from: Jo Ann Snover on January 29, 2016, 09:49
Now, unity and beauty canopy cover things,

Sounds almost poetic

Sounds a bit like Sarah Palin (with apologies to those outside the US - she's a part of this election's silly season)

Tryingmybest · « **Reply #7 on:** January 29, 2016, 13:51 »

Quote from: Jo Ann Snover on January 29, 2016, 13:43

Quote from: Maui on January 29, 2016, 11:38
Quote from: Jo Ann Snover on January 29, 2016, 09:49
Now, unity and beauty canopy cover things,

Sounds almost poetic

Sounds a bit like Sarah Palin (with apologies to those outside the US - she's a part of this election's silly season)

You betcha!

Karen · « **Reply #8 on:** January 29, 2016, 17:03 »

Quote from: williamju on January 29, 2016, 05:22

according to the latest disclosure from VCG (Visual China Group): more M&A right after the purchase of Corbis Images, this time is Getty Images

file got from stock exchange http://www.tukusheying.com/info/es_t_20160129111259.html

Perhaps Visual China Group is interested to buy iStock from Getty?

http://www.microstockdiaries.com/visual-china-group-may-acquire-equity-in-getty-images.html

PixelBytes · « **Reply #9 on:** January 29, 2016, 22:56 »

Quote from: Karen on January 29, 2016, 17:03

Quote from: williamju on January 29, 2016, 05:22
according to the latest disclosure from VCG (Visual China Group): more M&A right after the purchase of Corbis Images, this time is Getty Images

file got from stock exchange http://www.tukusheying.com/info/es_t_20160129111259.html

Perhaps Visual China Group is interested to buy iStock from Getty?
http://www.microstockdiaries.com/visual-china-group-may-acquire-equity-in-getty-images.html

God I hope not! I am no fan of Getty, but I don't know a thing about VCG other than I don't trust the nonexistent intellectual property rights in China.

The announcement seems to be just a reiteration of what is already known about Getty distributing VCG (therefore Corbis) content outside of China.