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via saastr.comCapital Markets

Getty Images files for Chapter 11 at a roughly $910 million run-rate

FROM THE WIRE · SAASTR.COM

Getty Images filed for Chapter 11 today in Delaware. Affiliates of the Getty family and Koch Equity Development will put in up to $533M in new equity and will own the whole company once the process…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe Chapter 11 filing wipes out public shareholders, with new equity from the Getty family and Koch.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Getty Images filed for Chapter 11 in Delaware.
  2. 02Getty family affiliates and Koch Equity Development will invest up to $533 million in new equity.

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