October 24, 2008
Jupitermedia Corporation agrees to sell its online images business, Jupiterimages Corp., to photo and visual content distributor Getty Images, Inc. for $96 million in cash.
On October 23, Willkie client Jupitermedia Corporation announced that it has entered into a definitive stock purchase agreement to sell its online images business, Jupiterimages Corp., to photo and visual content distributor Getty Images, Inc. for $96 million in cash. Following the completion of the sale of wholly owned subsidiary Jupiterimages, Jupitermedia will continue to operate its online media business, which consists of five distinct networks. Darien, CT-based Jupitermedia is a leading global provider of images, news and original information, career Web sites and events for information technology, business, media and creative professionals. The deal was handled by Partners Jeffrey Poss, Christopher Peters, David Rubinsky, and Theodore Whitehouse; of counsel William Ried; special counsel Jonathan Konoff; and associates Park Bramhall, Rachel Dooley, Jason Ertel, Adanech Getachew, Amanda Granacher, Jordan Messinger and Matthew Rizzo.
