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Getty Images to Go Public in Deal With CC Neuberger SPAC

  • Ex-Blackstone dealmaker engineers merger with photo provider
  • Getty returning to public markets after more than a decade
The Getty Images website.

The Getty Images website.

Source: Getty Images

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Getty Images will merge with a blank-check firm backed by CC Capital and Neuberger Berman, returning a company bearing one of the most storied names in business to the public market.

The deal values the Seattle-based licensing provider of stock and news photos at $4.8 billion including debt, according to a statement Friday. The agreement with CC Neuberger Principal Holdings II involves a total equity investment of $1.2 billion. That includes funds raised by the special purpose acquisition company and a $150 million private investment in public equity, or Pipe.