Getty Images Files for Chapter 11 at a ~$910M Run-Rate: 27% EBITDA Margins, 25% Fewer Subscribers, and $0 for Public Shareholders
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Getty Images filed for Chapter 11 today in Delaware. Affiliates of the Getty family and Koch Equity Development will put in up to $533M in new equity and will own the whole company once the process ends, which Getty expects by the end of the year. Public shareholders are set to get nothing. Getty did... Continue Reading
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