February 11, 2008, 2:15 am
Getty Images: Rpt Auction Finds No Premium Bids
Posted by Eric Savitz
Getty Images (GYI), which recently put itself up for sale, has received no bids above its current $1.6 billion market cap, according to the New York Times.
The story said Getty received interest from private equity firms “like Kohlberg Kravis Roberts, Bain Capital and Providence Equity Partners,” but apparently not enough interest to pay a premium.
Getty closed Friday at $26.62, down three cents.
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Tech Trader Daily is a blog on technology investing written from Palo Alto, California by long-time Barron's West Coast Editor Eric J. Savitz. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields.
