PE firm Hellman & Friedman, which owns Getty Images, has begun a process to sell the company it bought for $2.4 billion in 2008.
It reckons using investment banks Goldman Sachs (NYSE: GS) and JP Morgan (NYSE: JPM), it can get $4 billion.
Getty has one of the world’s great inventories of photos, some of them artistic icons taken by photographers years ago. The company gets a ready stream of licensing revenue for use of its inventory.
The FT points out that there have already been a number of deals in the sector. That by itself may hurt interest and bring down the price that outside investors would pay.
Douglas A. McIntyre
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