Getty Images begins Chapter 11 proceedings to restructure debt
Summary
Getty Images has commenced proceedings in US bankruptcy court under Chapter 11 to restructure its debt. The company expects to complete the process by the end of the year and to become privately held once the financial restructuring is finished.
Timeline
Straits Times
Source ↗The Straits Times reports that Getty Images said it has commenced proceedings in the US bankruptcy court and expects to complete the process by year end.
The Hindu
Source ↗The Hindu reports that Getty Images has begun Chapter 11 proceedings to restructure its debt, and that the US photography company expects to complete its financial restructuring by the end of the year and become privately held.
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