Getty Images plans to go private through prepackaged Chapter 11

Yahoo Finance reported on October 12 that Getty Images said it had reached a restructuring agreement with major creditor groups. Getty planned to go private through a prepackaged Chapter 11 filing in the following weeks, covering only certain U.S. entities. The company said operations, contributors, partners, customers and employees wouldn’t be affected, and expected to finish restructuring by the end of 2026. Existing common stockholders would receive nothing under the plan, it said.