Action Investments Limited - The stock of Getty Images rises in response to a buyout offer

Getty Images Holdings Inc. (GETY) shares soared after activist investor Trillium Capital LLC proposed a $4 billion buyout of the stock picture provider.
SHEUNG WAN, Hong Kong - June 7, 2023 - PRLog -- Trillium will pay $10 per share for GETY, almost doubling its Friday, April 21 closing price of $5.06. Trillium already holds 500,000 shares in the firm.

Trillium said that the non-binding proposal is conditional on several criteria, including GETY's board's quick engagement on the offer. Furthermore, Trillium said that if the transaction is completed, its managing partner Scott Murray would join the board and serve as chair.

The business said that it may explore rolling part or all the GETY shares held by the Getty Family, Koch Industries, and Neuberger Berman into the deal.

Methods for Increasing Revenue.

Trillium also outlined what it termed a "path for revenue growth" for GETY. Increasing ties with technology companies, newspapers and magazines, as well as the usage of artificial intelligence (AI), were among the proposals.

On April 24, Getty Images Holdings Inc. (GETY) stock rose 31%. So far this year, they're up more than 6%.

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