Thursday, February 22, 2007

Getty Images May Purchase Rival Jupitermedia

According to a recent New York Post report, Getty Images the company that currently owns iStockPhoto.com, a huge stock photo site, is expected to acquire rival Jupitermedia Corp. Sources close to the deal speculate that Getty would pay nearly $450 million, including debt. Jupitermedia is already the third largest stock photo company so this acquisition would expand Getty’s already vast web-based stock photography offerings.

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