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Getty Images is back on the stock exchange

Getty Images is back on the stock exchange

US image agency Getty Images is expected to return to the stock exchange after 13 years. The company is said to be slipping into an empty shell (SPAC), behind which is asset manager Neuberger Berman and financial investor CVC Capital. On Friday, the two parties said the merger with CC Neuberger Principle Holdings would be valued at $4.8 billion (€4.2 billion).

In a “backdoor IPO,” as the SPAC transaction has been described, Getty will be provided with up to $1.2 billion in new capital.

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