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UPDATE 1-Jupitermedia in talks to be bought by Getty Images

Thu Feb 22, 2007 9:41am EST

(Adds comment from Getty.)

Mergers & Acquisitions  |  Bonds

BOSTON, Feb 22 (Reuters) - Digital images provider Jupitermedia Corp. JUPM.O is in negotiations to be acquired by Getty Images Inc. GYI.N for $9.60 a share, Jupitermedia said on Thursday.

Getty spokeswoman Deb Trevino confirmed that the companies are in talks.

"They are required to make a statement, given the move in their stock yesterday," she said. "What they put out tells the story. I don't see any need to comment further."

Jupitermedia shares rose $2.05 to $10.07 on the Nasdaq on Wednesday. Getty jumped $3.77 to $56.06 on the New York Stock Exchange.

Jupitermedia said the deal would be conditioned on the sale of its JupiterWeb business and related assets to a third party.

It said it chief executive, Alan Meckler, has indicated he is willing to acquire those assets at a price that Getty has indicated is acceptable.

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