IPEM Cannes 2024 – The Daily Spin – January, 25th
The shifting role of LPs was the overarching theme for the morning session of Day 2, at the 10th edition of IPEM in Cannes. After a full day of yoga,…
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It is understood that Getty Images has turned down a $4 billion takeover bid by US venture capital firm, Trillium Capital. The proposed offer slipped out of focus because Getty Images, who only went public in 2022, claimed it was not “sufficiently credible”, according to PetaPixel. It hasn’t been a great few weeks for M&A, with Microsoft’s planned $69 billion acquisition for Call of Duty creator Activision Blizzard rejected by the UK’s Competition and Markets Authority. Whether Getty Images receives fresh bids over the coming months remains to be seen. For now though, the message seems 8K-pixel clear: Getty outta here!
