Originally published February 25, 2008 at 12:00 AM | Page modified February 25, 2008 at 9:02 PM
Getty Images timeline
1993 Jonathan Klein and Mark Getty form Getty Investments in London 1995 March: Getty buys Tony Stone Images, a London stock agency 1996...
Seattle Times staff
1993
Jonathan Klein and Mark Getty form Getty Investments in London
1995
March: Getty buys Tony Stone Images, a London stock agency
1996
April: Buys Hulton Deutsch, private collection of archival photography
May: Buys Fabulous Footage, provider of contemporary stock footage
July: Goes public on Nasdaq
Dec.: Ends year with $85 million in revenue, profit of $2.7 million
1997
Sept.: Merges with PhotoDisk in Seattle and changes name to Getty Images
1999
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March: Announces move to Seattle
Sept.: Buys Image Bank from Kodak for $183 million
May: Pays $135 million for Art.com, a consumer site offering posters and other art.
2004
Aug.: Buys image.net for $20 million
April: Acquires Digital Vision, estimated to be the world's third-largest stock-photography company, for $165 million
June: Launches online store on Amazon.com
Oct.: Lays off about 30 employees as it restructures; says it will end year with same head count as it had at the end of 2005, about 1,860 employees
2006
Feb.: Buys iStockphoto, a micropayment site, for $50 million.
April: Buys Pixel Images of Ireland for $135 million in cash
2007
March: Buys Scoopt, a Scottish company that specializes in citizen photojournalism
April: Buys its largest competitor, MediaVast, for $207 million
May: Buys Punchstock, a leading aggregator/distributor of stock photography
2008
Jan. 18: Hires Goldman Sachs Group to find a buyer
Jan. 31: Says it brought in revenue of $857.6 million and profit of $125.9 million for 2007
Feb. 25: Announces deal to sell company to Hellman & Friedman in San Francisco for $34 a share — a 39 percent premium over Friday's closing stock price of $24.45
Copyright © 2008 The Seattle Times Company
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