UPDATE 1-Jupitermedia in talks to be bought by Getty Images
(Adds comment from Getty.)
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.
© Thomson Reuters 2009 All rights reserved


