Getty is sold - and now?
Getty Images, and therefore Istock got sold to Hellman&Friedman (funny name combination hell-man & peace-man (fried(e)=peace in German) for the lump sum of $2.4bn. But what has actually happened, what changes are to expect for us contributors to Istock? What has happened is that all the big guys at Gettys apparently have kept their jobs, including Bitter, the original founder/ CEO of Istock. What has changed is the way things are financed, not the way things are managed, so again, snafu….
Here some links for further reading:
The Hell-man&Peace-Man web site with the newest press release.
The Reuters news, as always dry and short and straight to the point.
Thomas Hawk doesn’t hesitate to state his opinion.
And our forum discussion is here. SY
