Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times reporter Sharon Chan.
February 21, 2007 10:57 AM
Posted by Kristi Heim
Though it might seem at first like an odd pairing, a report out today said Internet information company Jupitermedia is in talks to be bought by stock photo giant Getty Images.
Seattle-based Getty is in discussions to buy Jupitermedia for about $450 million, the New York Post said, in a bid to expand its offerings to Web site designers and online marketers.
Jupitermedia shares were up 24 percent in Nasdaq trading. The company's market value is about $287 million.
Jupitermedia includes Jupiterimages, which holds the rights to more than 7 million images online. Getty Images' other recent acquisitions include iStockphoto for an undisclosed sum, Pixel Images Holdings Ireland for $135 million and Laura Ronchi S.p.A. Italy for an undisclosed sum.
A Bloomberg report said a Getty spokeswoman declined to comment on the New York Post story.
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