Davis Polk is advising Getty Investments in connection with the $3.3 billion acquisition of Getty Images, Inc. Getty Images co-founder and chairman Mark Getty and the Getty family will roll substantially all of their 30% ownership interests into the transaction, and increase their ownership stake going forward, while Hellman & Friedman LLC will sell its controlling interest to The Carlyle Group. The transaction is subject to customary regulatory approvals and is expected to close before year-end 2012.

Getty Images is a leading creator and distributor of still imagery, video and multimedia products, as well as a recognized provider of other forms of premium digital content, including music. The Carlyle Group is a global alternative asset manager with $156 billion of assets under management in 94 funds and 63 fund of fund vehicles as of March 31, 2012.

The Davis Polk corporate team includes partners Daniel G. Kelly Jr. and Sarah K. Solum and associates Jeffrey Gould, Vincent T. Cannon, Jason Bassetti and Steve Valenzuela. The tax team includes partner Kathleen L. Ferrell, associate Catherine Paskoff Chang and law clerk Isaac MacDonald. Partner Frank J. Azzopardi is providing intellectual property advice. Members of the Davis Polk team are based in the Menlo Park and New York offices.



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