22.1.08

Getty seeks alternative-strategy

Digital media company Getty-Images Inc. has said, it has hired a financial adviser to assist it in exploring strategic alternatives to enhance shareholder value.

The company said it has retained Goldman, Sachs & Co. as its financial adviser and Weil, Gotshal & Manges LLP as its legal adviser.

Getty said the evaluation process includes discussions with "various interested parties," but that there is no guarantee a transaction will occur. The company plans to release fourth-quarter and year-end results on Jan. 31, 2008.

Via BusinessWeek

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