Simpson Thacher is representing Getty Images, Inc. and its controlling shareholders, investment funds affiliated with Hellman & Friedman LLC, in connection with Getty Images’ pending acquisition by entities controlled by The Carlyle Group (NASDAQ: CG) and Getty Images management for $3.3 billion. Carlyle will acquire a controlling stake in Getty Images, while Getty Images Co-Founder and Chairman Mark Getty and the Getty family will roll substantially all of their ownership interests into the transaction.

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. Getty Images serves business customers in more than 100 countries and is the first place creative and media professionals turn to discover, purchase and manage images and other digital content. The transaction is subject to customary regulatory approvals and is expected to close in 2012.

The Simpson Thacher team includes: Chad Skinner, Nick Washburn, Diana Snyder and Kamal Patel (M&A); Katharine Moir and Dan Foster (Tax); Tristan Brown and Jennifer Wolff (Executive Compensation and Employee Benefits); Bill Brentani (Capital Markets); Brian Steinhardt and Christopher Bell (Credit); and Peter Thomas, Michael Naughton and Bill Kearney (Antitrust). Summer Associate Caitlyn Chacon also provided valuable assistance.

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