Report
Getty Images files for Chapter 11 bankruptcy as part of plan to go private
CNBC reports Getty says Getty family affiliates and Koch Equity Development committed up to $533 million in new equity.
TLDR
CNBC reports Getty Images filed for Chapter 11 on October 21 to advance its restructuring plan and go private. Getty says affiliates of the Getty family and Koch Equity Development will own the company after the restructuring. The company expects to finish by year-end and says it will keep operating normally during the process.
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