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المشهد العربي
Source: المشهد العربي
4 Hrsالمشهد العربي
Source: المشهد العربي
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Getty Images has filed for bankruptcy protection in a Delaware court, creating a legal framework for restructuring and becoming a private company. The plan calls for a $533 million investment from entities affiliated with the Getty family and Koch Equity Development in exchange for full ownership of the company. Its operations are expected to continue without interruption, and the restructuring is expected to be completed before year-end. The move follows the collapse of its proposed merger with Shutterstock, mounting debt and competition from AI-powered image apps. It also comes after the company received notice that its shares would be delisted from the New York Stock Exchange after falling below $1.
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