At least one offer as Getty bid deadline passes: source

Thu Feb 7, 2008 11:18pm GMT
 
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NEW YORK (Reuters) - Bids for Getty Images Inc GYI.N, the world's biggest supplier of pictures and video to media and advertising companies, were due on Monday and at least one offer was made, a source briefed on the situation said.

Getty, valued at about $1.6 billion, confirmed on January 22 that it was studying several strategic options and had hired investment bank Goldman Sachs (GS.N: Quote, Profile, Research). A potential sale had been rumored for months with interest from private equity.

A separate source said it was unclear how firm any offers were or whether they were for the whole or parts of Getty.

A spokeswoman for Getty said she could not comment beyond the company's last statement.

(Reporting by Megan Davies, editing by Richard Chang)

 
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