Wage Serf

February 21st, 2007  |  Published in etc

Getty Images, the giant purveyor of stock photos, is in advanced talks to acquire smaller rival Jupitermedia Corp. in a move to expand its suite of offerings to Web site designers and online marketers, according to sources with knowledge of the negotiations.

It’s unclear how much Getty is willing to pay for Jupitermedia, but sources close to the deal said the image company could fetch more than $11 a share, or nearly $450 million including debt.

Getty officials have been meeting with Jupitermedia chief Alan Meckler and conducting due diligence away from the company’s Darien, Conn.-based headquarters in order to avoid alarming employees, many of whom are former Getty workers, sources said.

Emphasis mine.

Oh. About that emphasized part? It’s not working, guys.

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