Getty Images filed for Chapter 11 bankruptcy protection on Wednesday as part of a restructuring plan that would take the stock photo provider private, according to the filing.
The Seattle-based company said it expects the reorganization to be completed by the end of the year, subject to court approval and a creditor vote. The filing marks a major reset for a firm that returned to public markets in 2022 at a valuation of about $4.8 billion [1].
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