Getty Images intends to file for bankruptcy and go private as part of a restructuring agreement after its plans to merge with rival stock platform Shutterstock fell through earlier this year. On Monday, Getty announced it had secured $533 million from the Getty family and Charles Koch’s investment firm to cut its debt and take the company private, outlining plans to undergo a prepackaged Chapter 11 process “in the coming weeks.”
https://www.theverge.com/business/1009893/getty-images-bankruptcy-private-plans-agreement