January 22, 2008 10:11 AM PST
Getty Images confirms it's for sale
Getty Images, a major seller of stock photos and other licensed media, confirmed on Tuesday a New York Times report that it's for sale.
Or at least that its board is "exploring strategic alternatives to enhance shareholder value," according to a company statement.
The company didn't comment on the Times' report that the most interested buyers were private-equity firms such as Kohlberg Kravis Roberts and Bain Capital, or that its price could go as high as $1.5 billion.
Getty hired Goldman Sachs as financial adviser and Weil Gotshal & Manges as legal adviser, the Seattle-based company said.
Stephen Shankland writes about a wide range of technology and products, but has a particular focus on browsers and digital photography. He joined CNET News in 1998 and since then also has covered Google, Yahoo, servers, supercomputing, Linux and open-source software, and science. E-mail Stephen, or follow him on Twitter at http://www.twitter.com/stshank. 
