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Getty confirms it hired Goldman to review strategy

Tue Jan 22, 2008 8:19am EST

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NEW YORK, Jan 22 (Reuters) - Getty Images Inc GYI.N, the world's top supplier of pictures and video to media and advertising companies, said on Tuesday that its board was exploring strategic alternatives and had hired Goldman Sachs as a financial adviser.

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The statement came after a source familiar with the situation said on Monday that Getty had appointed Goldman (GS.N) to conduct an auction of the company.

The New York Times reported that Getty could fetch more than $1.5 billion and had attracted interest from mostly private equity firms, including Kohlberg Kravis Roberts [KKR.UL] and Bain Capital LLC. (Reporting by Tiffany Wu; Editing by Lisa Von Ahn)

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