Online pics take toll on Getty

22 Jan 2008

Comment: 1

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Picture of camera phone
Getty has taken a hit from ubiquitous camera phones

Digital picture supplier Getty Images is up for sale following a share price plunge caused by competition from camera phones and online picture sharing.

Investment bank Goldman Sachs is managing Getty's sale, which has piqued the interest of a number of private equity firms willing to pay around £771m for the business.

Further reading

The news follow Getty's aborted merger talks with news group Jupitermedia, last year.

Reader comments

FREE is better than fee

People like me post our images to Stock.XCHNG and let people download them for free. A lot better than paying Getty fifty bucks per picture.

Open source photography is now.

Posted by: CarlosX  23 Jan 2008

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