Getty Family to Acquire Majority Stake in Getty Images From The Carlyle Group

Paul, Weiss is representing the Getty family in its acquisition of a majority stake in Getty Images Inc. from The Carlyle Group. Through the transaction, the Getty family will acquire all of Carlyle’s equity interests in Getty Images for cash plus units that provide Carlyle with an ongoing financial interest in the future growth of the company. Getty Images is an archive of more than 300 million assets, including photos, videos and music. The transaction is expected to close by the end of the third quarter of 2018, pending customary closing conditions.

The Paul, Weiss team includes, among others, corporate partners Brian Lavin, Carl Reisner and Raphael Russo; tax partner Scott Sontag; employee benefits partner Lawrence Witdorchic; intellectual property partner Claudine Meredith-Goujon; and antitrust counsel Marta Kelly.