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Getty Images, the world’s biggest supplier of pictures and video to media and advertising companies, has put itself on the auction block and could fetch more than $1.5 billion, people briefed on the situation said Sunday.Final bids are due by the end of the month, but people briefed on the auction cautioned that it was unclear which firms would submit a final bid. A sale is not assured, because the tightening of the high-yield debt markets has cut off private equity firms from the lifeblood of their business, making it harder to finance deals.
Getty Images Up For Sale [nytimes.com]
