Stock photo firm Getty Images, which was known to be shopping itself around, has agreed to sell itself to PE Firm Hellman & Friedman for $2.4 billion or $34.00 per share. The offer represents a 55 percent premium to where shares traded on January 18, the day before the company confirmed reports that it had put itself on the block. Getty says it has 4 million monthly unique visitors to its website. Getty and its main rivals Jupitermedia and Corbis have all been hit hard with the rise of low-cost online rivals, called microstock photography. Last August, Getty laid off about 100 employees, or about 5 percent of its full-time staff, its second round of cuts in as many years.http://www.paidcontent.org/entry/419-getty-images-selling-to-pe-firm-hellman-friedman-for-24-billion/
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