Koch Equity Development will invest $500m in Getty Images following the professional photography platform's recently gained independence from Carlyle Group.
US-based professional media content provider Getty Images signed an agreement with conglomerate Koch Industries’ corporate venturing arm Koch Equity Development (KED) yesterday to secure a $500m investment.
The deal is subject to customary closing conditions and is expected to conclude by the end of the year.
Founded in 1995, Getty Images operates an online platform for media, business and creatives to purchase photography, video and music from more than 250,000 contributors that provide content from more than 160,000 news, sports…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
