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Getty Images Inc, et al. – ‘SC 13E3’ on 3/27/08 re: Getty Images Inc

On:  Thursday, 3/27/08, at 5:33pm ET   ·   Accession #:  1193125-8-67369   ·   File #:  5-53603

Previous ‘SC 13E3’:  None   ·   Next:  ‘SC 13E3/A’ on 5/8/08   ·   Latest:  ‘SC 13E3/A’ on 7/2/08

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/27/08  Getty Images Inc                  SC 13E3               10:59M  Getty Images Inc                  Donnelley … Solutions/FA
          Abe Acquisition Corp.
          Abe Investment, L.P.
          Getty Investments L.L.C.
          Hellman & Friedman Capital Partners VI, L.P.
          Jonathan Klein
          Mark Getty

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13E3     Tender-Offer Statement - Going-Private Transaction  HTML    140K 
 2: EX-99.(B)(1)  Senior Secured Credit Facilities Commitment       HTML    177K 
                          Letter                                                 
 3: EX-99.(C)(2)  Presentation of Goldman Sachs to the Board of     HTML    178K 
                          Directors, Dated February 24, 2008                     
 4: EX-99.(C)(3)  Draft Presentation of Goldman Sachs, Dated        HTML    189K 
                          February 18, 2008                                      
 5: EX-99.(C)(4)  Draft Presentation of Goldman Sachs, Dated        HTML    200K 
                          February 7, 2008                                       
 6: EX-99.(C)(5)  Draft Presentation of Goldman Sachs, Dated        HTML    104K 
                          December 2007                                          
 7: EX-99.(C)(6)  Draft Presentation of Goldman Sachs, Dated        HTML     71K 
                          November 28, 2007                                      
 8: EX-99.(C)(7)  Draft Presentation of Goldman Sachs, Dated        HTML     33K 
                          November 6, 2007                                       
 9: EX-99.(C)(8)  Draft Presentation of Goldman Sachs, Dated        HTML    112K 
                          October 10, 2007                                       
10: EX-99.(C)(9)  Draft Presentation of Goldman Sachs, Dated        HTML    222K 
                          September 19, 2007                                     

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13E-3

RULE 13e-3 TRANSACTION STATEMENT

Under Section 13(e) of the Securities Exchange Act of 1934

GETTY IMAGES, INC.

GETTY IMAGES, INC.

GETTY INVESTMENTS L.L.C.

ABE INVESTMENT, L.P.

ABE ACQUISITION CORP.

HELLMAN & FRIEDMAN CAPITAL PARTNERS VI, L.P.

MARK GETTY

JONATHAN KLEIN

Common Stock, par value $0.01 per share

374276103

With Copies to:

This statement is filed in connection with (check the appropriate box):

Check the following box if the soliciting materials or information statement referred to in checking box (a) are preliminary copies:  x

Check the following box if the filing is a final amendment reporting the results of the transaction:  ¨

CALCULATION OF FILING FEE

*   Calculated solely for the purpose of determining the filing fee, the transaction valuation was determined based upon the sum of (A) 59,644,904 shares of Common Stock multiplied by $34.00 per share; (B) in-the-money stock options with respect to 1,180,477 shares of Common Stock multiplied by $6.58 per share (which is the difference between $34.00 and the weighted average exercise price of $27.42 per share); and (C) restricted stock units with respect to 1,173,192 shares of Common Stock multiplied by $34.00 per share.

** The filing fee, calculated in accordance with Exchange Act Rule 0-11(c), was calculated by multiplying the transaction value by 0.0000393.

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INTRODUCTION

This Rule 13E-3 Transaction Statement on Schedule 13E-3, together with the exhibits hereto (the “Transaction Statement”), is being filed with the Securities and Exchange Commission (“SEC”) by (a) Getty Images, Inc., a Delaware corporation (“Getty Images” or the “Company”), the issuer of the Company’s common stock that is subject to the Rule 13e-3 transaction, (b) Getty Investments L.L.C., a Delaware limited liability company, (c) Abe Investment, L.P., a Delaware limited partnership (“Parent”), (d) Abe Acquisition Corp., a Delaware corporation (“Merger Sub”), (e) Hellman & Friedman Capital Partners VI, L.P., a Delaware limited partnership, (f) Mark Getty, an individual and chairman of the board of directors of Getty Images and (g) Jonathan Klein, an individual and chief executive officer of Getty Images (collectively, the “Filing Persons”).

This Transaction Statement relates to the Agreement and Plan of Merger, dated as of February 24, 2008 (the “Merger Agreement”), by and among the Company, Parent and Merger Sub. If the Merger Agreement is adopted by the Company’s stockholders and the other conditions to closing of the Merger (as defined below) are satisfied or waived, Merger Sub will merge with and into the Company, with the Company continuing as a surviving corporation and becoming a wholly owned subsidiary of Parent (the “Merger”). Upon completion of the Merger, each share of the Company’s common stock will be converted into the right to receive $34.00 in cash, without interest and less any applicable withholding taxes (the “Merger Consideration”), other than those shares held by (a) any stockholders who are entitled to and who properly exercise appraisal rights under Delaware law and (b) Parent or any of its subsidiaries, including shares to be contributed to Parent immediately prior to the effective time of the Merger (the “Effective Time”) by Getty Investments L.L.C., Mark Getty and three trusts related to Mark Getty (collectively, the “Rollover Stockholders”).

Concurrently with the filing of this Transaction Statement, Getty Images is filing with the SEC a preliminary Proxy Statement (the “Proxy Statement”) under Regulation 14A of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), relating

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to the special meeting of the stockholders of Getty Images at which the stockholders of Getty Images will consider and vote upon a proposal to approve and adopt the Merger Agreement. The adoption of the Merger Agreement requires the affirmative vote of (a) the holders of a majority of the outstanding shares of the Company’s common stock entitled to vote at the special meeting and (b) the holders of a majority of the number of shares of the Company’s common stock present in person or by proxy and voting at the Company’s special meeting (other than the Rollover Stockholders and Jonathan Klein).

Pursuant to General Instruction F to Schedule 13E-3, the information in the Proxy Statement, including all annexes, exhibits and appendices thereto, is expressly incorporated by reference herein in its entirety, and responses to each item herein are qualified in their entirety by the information contained in the Proxy Statement. The cross references below are being supplied pursuant to General Instruction G to Schedule 13E-3 and show the location in the Proxy Statement of the information required to be included in response to the items of Schedule 13E-3. Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Proxy Statement. All information contained in this Transaction Statement concerning any of the Filing Persons has been provided by such Filing Person and none of the Filing Persons, including Getty Images, takes responsibility for the accuracy of any information not supplied by such Filing Person.

The filing of this Transaction Statement shall not be construed as an admission by any of the Filing Persons or by any affiliate of a Filing Person, that Getty Images is “controlled” by any other Filing Person or that any Filing Person is an “affiliate” of Getty Images within the meaning of Rule 13e-3 under Section 13(e) of the Exchange Act.

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TA BLE OF CONTENTS

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The information set forth in the Proxy Statement under the following captions are incorporated herein by reference:

“SUMMARY TERM SHEET”

“QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETING”

(a) Name and Address. The Company’s name and the address and telephone number of its principal executive office are as follows:

Getty Images, Inc.

601 North 34^th Street

Seattle, Washington 98103

(206) 925-5000

(b) Securities. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“THE SPECIAL MEETING—Record Date and Quorum”

(c) Trading Market and Price. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:

“SUMMARY TERM SHEET—Market Price of the Company’s Common Stock”

“IMPORTANT INFORMATION REGARDING GETTY IMAGES—Market Price of the Company Common Stock and Dividend Information”

(d) Dividends. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:

“IMPORTANT INFORMATION REGARDING GETTY IMAGES—Market Price of the Company Common Stock and Dividend Information”

(e) Prior Public Offerings. None.

(f) Prior Stock Purchases. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:

“IMPORTANT INFORMATION REGARDING GETTY IMAGES—Transactions in Common Stock”

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(a) Name and Address. Getty Images, Inc. is the subject company. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—The Parties to the Merger”

“THE PARTIES TO THE MERGER”

“IMPORTANT INFORMATION REGARDING GETTY IMAGES—Directors and Executive Officers of Getty Images”

“IMPORTANT INFORMATION REGARDING PARENT, MERGER SUB AND H&F FUND VI”

“IMPORTANT INFORMATION REGARDING MARK GETTY AND GETTY INVESTMENTS”

(b) Business and Background of Entities. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—The Parties to the Merger”

“THE PARTIES TO THE MERGER”

“IMPORTANT INFORMATION REGARDING GETTY IMAGES—Directors and Executive Officers of Getty Images”

“IMPORTANT INFORMATION REGARDING PARENT, MERGER SUB AND H&F FUND VI”

“IMPORTANT INFORMATION REGARDING MARK GETTY AND GETTY INVESTMENTS”

(c) Business and Background of Natural Persons. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:

“IMPORTANT INFORMATION REGARDING GETTY IMAGES—Directors and Executive Officers of Getty Images”

“IMPORTANT INFORMATION REGARDING PARENT, MERGER SUB AND H&F FUND VI”

“IMPORTANT INFORMATION REGARDING MARK GETTY AND GETTY INVESTMENTS”

(a) Material Terms. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET”

“QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETING”

“THE SPECIAL MEETING”

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“SPECIAL FACTORS”

“THE MERGER AGREEMENT”

“ANNEX A—AGREEMENT AND PLAN OF MERGER”

(c) Different Terms. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—Interests of the Company’s Directors and Executive Officers in the Merger”

“QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETING”

“SPECIAL FACTORS—Effects of the Merger”

“SPECIAL FACTORS—Interests of the Company’s Directors and Executive Officers in the Merger—Arrangements with Mark Getty and Other Rollover Stockholders”

“THE MERGER AGREEMENT”

(d) Appraisal Rights. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—Appraisal Rights”

“QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETING”

“THE SPECIAL MEETING—Rights of Stockholders Who Object to the Merger”

“APPRAISAL RIGHTS”

“ANNEX C—SECTION 262 OF THE DELAWARE GENERAL CORPORATION LAW”

(e) Provisions for Unaffiliated Security Holders. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SPECIAL FACTORS—Provisions for Unaffiliated Stockholders”

(f) Eligibility for Listing or Trading. Not applicable.

(a) Transactions. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—Interests of the Company’s Directors and Executive Officers in the Merger”

“SPECIAL FACTORS—Background of the Merger”

“SPECIAL FACTORS—Interests of the Company’s Directors and Executive Officers in the Merger”

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(b) Significant Corporate Events. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—The Merger”

“QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETING”

“THE SPECIAL MEETING—Vote Required for Approval”

“SPECIAL FACTORS—Background of the Merger”

“SPECIAL FACTORS—Interests of the Company’s Directors and Executive Officers in the Merger—Arrangements with Mark Getty and Other Rollover Stockholders”

“THE MERGER AGREEMENT”

“ANNEX A—AGREEMENT AND PLAN OF MERGER”

“SPECIAL FACTORS—Reasons for the Merger; Recommendation of Our Board of Directors; Fairness of the Merger”

“SPECIAL FACTORS—Effects of the Merger”

(c) Negotiations or Contacts. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—Interests of the Company’s Directors and Executive Officers in the Merger”

“SPECIAL FACTORS—Background of the Merger”

“SPECIAL FACTORS—Interests of the Company’s Directors and Executive Officers in the Merger”

(e) Agreements Involving the Subject Company’s Securities. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET”

“QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETING”

“THE SPECIAL MEETING—Vote Required for Approval”

“SPECIAL FACTORS—Interests of the Company’s Directors and Executive Officers in the Merger”

“THE MERGER AGREEMENT”

“ANNEX A—AGREEMENT AND PLAN OF MERGER”

“WHERE YOU CAN FIND MORE INFORMATION”

In addition, a stockholders’ agreement, dated as of February 9, 1998, as amended, by and among Getty Images, Getty Investments L.L.C., Mark Getty, Jonathan Klein, the JD Klein Family Settlement and The October 1993 Trust, provides for representation on Getty Images’ board of directors and limits the rights of the parties thereto to transfer their respective shares of Getty Images common stock.

Further, a registration rights agreement, dated February 9, 1998, as amended, by and between Getty Images and Getty Investments L.L.C., may require Getty Images to file a registration statement with respect to all or a portion of Getty Investments L.L.C.’s shares of common stock, and Getty Investments L.L.C. has the right to have any or all of its shares of common stock included in any registration by Getty Images with respect to an offering of common stock, in each case, subject to certain limitations.

(b) Use of Securities Acquired. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET”

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“QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETING”

“SPECIAL FACTORS—Effects of the Merger”

“SPECIAL FACTORS—Interests of the Company’s Directors and Executive Officers in the Merger”

“THE MERGER AGREEMENT”

“ANNEX A—AGREEMENT AND PLAN OF MERGER”

(c)(1)-(8) Plans. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET”

“QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETING”

“SPECIAL FACTORS—Background of the Merger”

“SPECIAL FACTORS—Plans for Getty Images After the Merger”

“SPECIAL FACTORS—Effects of the Merger”

“SPECIAL FACTORS—Financing of the Merger”

“SPECIAL FACTORS—Interests of the Company’s Directors and Executive Officers in the Merger”

“THE MERGER AGREEMENT”

“ANNEX A—AGREEMENT AND PLAN OF MERGER”

(a) Purposes. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET”

“QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETING”

“SPECIAL FACTORS—Background of the Merger”

“SPECIAL FACTORS—Reasons for the Merger; Recommendation of Our Board of Directors; Fairness of the Merger”

“SPECIAL FACTORS—Purpose and Reasons for the Merger for Mark Getty and Getty Investments”

“SPECIAL FACTORS—Purpose and Reasons for the Merger for Jonathan Klein”

“SPECIAL FACTORS—Purpose and Reasons for the Merger for Parent, Merger Sub and H&F Fund VI”

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(b) Alternatives. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SPECIAL FACTORS—Background of the Merger”

“SPECIAL FACTORS—Reasons for the Merger; Recommendation of Our Board of Directors; Fairness of the Merger”

“SPECIAL FACTORS—Plans for Getty Images After the Merger”

“SPECIAL FACTORS—Effects on the Company if the Merger is Not Completed”

(c) Reasons. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SPECIAL FACTORS—Reasons for the Merger; Recommendation of Our Board of Directors; Fairness of the Merger”

“SPECIAL FACTORS—Opinion of Our Financial Advisor”

“SPECIAL FACTORS—Purpose and Reasons for the Merger for Mark Getty and Getty Investments”

“SPECIAL FACTORS—Purpose and Reasons for the Merger for Jonathan Klein”

“SPECIAL FACTORS—Purpose and Reasons for the Merger for Parent, Merger Sub and H&F Fund VI”

“SPECIAL FACTORS—Plans for Getty Images After the Merger”

“SPECIAL FACTORS—Effects of the Merger”

(d) Effects. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET”

“QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETING”

“SPECIAL FACTORS—Background of the Merger”

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“SPECIAL FACTORS—Effects of the Merger”

“SPECIAL FACTORS—Effects on the Company if the Merger is Not Completed”

“SPECIAL FACTORS—Financing of the Merger”

“SPECIAL FACTORS—Material United States Federal Income Tax Consequences”

“SPECIAL FACTORS—Interests of the Company’s Directors and Executive Officers in the Merger”

“SPECIAL FACTORS—Estimated Fees and Expenses of the Merger”

“THE MERGER AGREEMENT”

“ANNEX A—AGREEMENT AND PLAN OF MERGER”

(a) Fairness. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET”

“QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETING”

“SPECIAL FACTORS—Background of the Merger”

“SPECIAL FACTORS—Reasons for the Merger; Recommendation of Our Board of Directors; Fairness of the Merger”

“SPECIAL FACTORS—Opinion of Our Financial Advisor”

“SPECIAL FACTORS—Position of Mark Getty and Getty Investments as to the Fairness of the Merger”

“SPECIAL FACTORS—Position of Jonathan Klein as to the Fairness of the Merger”

“SPECIAL FACTORS—Position of Parent, Merger Sub and H&F Fund VI as to the Fairness of the Merger”

“ANNEX B—OPINION OF GOLDMAN, SACHS & CO.”

The presentation dated February 24, 2008 and the draft presentations dated February 18, 2008, February 7, 2008, December 2007, November 28, 2007, November 6, 2007, October 10, 2007 and September 19, 2007, each prepared by Goldman Sachs for the board of directors of Getty Images, are attached hereto as Exhibits c(2) – c(9) and are incorporated by reference herein.

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(b) Factors Considered in Determining Fairness. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—Opinion of Our Financial Advisor”

“QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETING”

“SPECIAL FACTORS—Background of the Merger”

“SPECIAL FACTORS—Reasons for the Merger; Recommendation of Our Board of Directors; Fairness of the Merger”

“SPECIAL FACTORS—Opinion of Our Financial Advisor”

“SPECIAL FACTORS—Position of Mark Getty and Getty Investments as to the Fairness of the Merger”

“SPECIAL FACTORS—Position of Jonathan Klein as to the Fairness of the Merger”

“SPECIAL FACTORS—Position of Parent, Merger Sub and H&F Fund VI as to the Fairness of the Merger”

“ANNEX B—OPINION OF GOLDMAN, SACHS & CO.”

The presentation dated February 24, 2008 and the draft presentations dated February 18, 2008, February 7, 2008, December 2007, November 28, 2007, November 6, 2007, October 10, 2007 and September 19, 2007, each prepared by Goldman Sachs for the board of directors of Getty Images, are attached hereto as Exhibits c(2) – c(9) and are incorporated by reference herein.

(c) Approval of Security Holders. The transaction is not structured so that approval of at least a majority of unaffiliated security holders is required. However, it is structured to require the holders of a majority of the outstanding shares of the Company’s common stock present in person or by proxy and voting at the Company’s special meeting (other than the Rollover Stockholders and Jonathan Klein) to adopt the merger agreement as a condition to the merger. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—The Special Meeting”

“QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETING”

“THE SPECIAL MEETING—Record Date and Quorum”

“THE SPECIAL MEETING—Vote Required for Approval”

“SPECIAL FACTORS—Reasons for the Merger; Recommendation of Our Board of Directors; Fairness of the Merger”

“THE MERGER AGREEMENT—Conditions to the Completion of the Merger”

“ANNEX A—AGREEMENT AND PLAN OF MERGER”

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(d) Unaffiliated Representative. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—Opinion of Our Financial Advisor”

“SPECIAL FACTORS—Background of the Merger”

“SPECIAL FACTORS—Reasons for the Merger; Recommendation of Our Board of Directors; Fairness of the Merger”

“SPECIAL FACTORS—Opinion of Our Financial Advisor”

“ANNEX B—OPINION OF GOLDMAN, SACHS & CO.”

(e) Approval of Directors. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—Recommendation of Our Board of Directors”

“SPECIAL FACTORS—Background of the Merger”

“SPECIAL FACTORS—Reasons for the Merger; Recommendation of Our Board of Directors; Fairness of the Merger”

“SPECIAL FACTORS—Interests of the Company’s Directors and Executive Officers in the Merger”

(f) Other Offers. The information set forth in the Proxy Statement under the following caption is incorporated herein by reference:

“SPECIAL FACTORS—Background of the Merger”

“SPECIAL FACTORS—Reasons for the Merger; Recommendation of Our Board of Directors; Fairness of the Merger”

(a) Report, Opinion or Appraisal. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—Opinion of Our Financial Advisor”

“SPECIAL FACTORS—Background of the Merger”

“SPECIAL FACTORS—Reasons for the Merger; Recommendation of Our Board of Directors; Fairness of the Merger”

“SPECIAL FACTORS—Opinion of Our Financial Advisor”

“ANNEX B—OPINION OF GOLDMAN, SACHS & CO.”

The presentation dated February 24, 2008 and the draft presentations dated February 18, 2008, February 7, 2008, December 2007, November 28, 2007, November 6, 2007, October 10, 2007 and September 19, 2007, each prepared by Goldman Sachs for the board of directors of Getty Images, are attached hereto as Exhibits c(2) – c(9) and are incorporated by reference herein.

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(b) Preparer and Summary of the Report, Opinion or Appraisal. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—Opinion of Our Financial Advisor”

“SPECIAL FACTORS—Background of the Merger”

“SPECIAL FACTORS—Reasons for the Merger; Recommendation of Our Board of Directors; Fairness of the Merger”

“SPECIAL FACTORS—Opinion of Our Financial Advisor”

“ANNEX B—OPINION OF GOLDMAN, SACHS & CO.”

(c) Availability of Documents. The reports, opinions or appraisals referenced in this Item 9 will be made available for inspection and copying at the principal executive offices of the Company during its regular business hours by any interested holder of the Company’s common stock or representative who has been so designated in writing.

(a) Source of Funds. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—Financing of the Merger”

“SUMMARY TERM SHEET—Limitations on Remedies”

“SPECIAL FACTORS—Financing of the Merger”

“SPECIAL FACTORS—Limitation on Remedies; Limited Guarantee”

“SPECIAL FACTORS—Estimated Fees and Expenses of the Merger”

“THE MERGER AGREEMENT”

“ANNEX A—AGREEMENT AND PLAN OF MERGER”

(b) Conditions. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—Financing of the Merger”

“SUMMARY TERM SHEET—Limitations on Remedies”

“QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETING”

“SPECIAL FACTORS—Effects of the Merger”

“SPECIAL FACTORS—Effects on the Company if the Merger is Not Completed”

“SPECIAL FACTORS—Financing of the Merger”

“SPECIAL FACTORS—Limitations on Remedies; Limited Guarantee”

“SPECIAL FACTORS—Estimated Fees and Expenses of the Merger”

“THE MERGER AGREEMENT”

“ANNEX A—AGREEMENT AND PLAN OF MERGER”

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(c) Expenses. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET”

“THE SPECIAL MEETING—Solicitation of Proxies”

“SPECIAL FACTORS—Financing of the Merger”

“SPECIAL FACTORS—Estimated Fees and Expenses of the Merger”

“THE MERGER AGREEMENT—Termination Fee”

“THE MERGER AGREEMENT—Liability Cap and Limitation on Remedies”

“ANNEX A—AGREEMENT AND PLAN OF MERGER”

(d) Borrowed Funds. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—Financing of the Merger”

“SPECIAL FACTORS—Background of the Merger”

“SPECIAL FACTORS—Financing of the Merger”

“THE MERGER AGREEMENT”

“ANNEX A—AGREEMENT AND PLAN OF MERGER”

(a) Securities Ownership. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—Interests of the Company’s Directors and Executive Officers in the Merger”

“SPECIAL FACTORS—Interests of the Company’s Directors and Executive Officers in the Merger”

“IMPORTANT INFORMATION REGARDING GETTY IMAGES—Ownership of Common Stock by Certain Beneficial Owners and Directors and Executive Officers”

(b) Securities Transactions. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“IMPORTANT INFORMATION REGARDING GETTY IMAGES—Transactions in Common Stock”

“IMPORTANT INFORMATION REGARDING GETTY IMAGES—Ownership of Common Stock by Certain Beneficial Owners and Directors and Executive Officers”

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(d) Intent to Tender or Vote in a Going-Private Transaction. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—Interests of the Company’s Directors and Executive Officers in the Merger”

“QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETING”

“THE SPECIAL MEETING—Vote Required for Approval”

“SPECIAL FACTORS—Interests of the Company’s Directors and Executive Officers in the Merger”

(e) Recommendations of Others. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SUMMARY TERM SHEET—Recommendation of Our Board of Directors”

“QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETING”

“THE SPECIAL MEETING—Vote Required for Approval”

“SPECIAL FACTORS—Reasons for the Merger; Recommendation of Our Board of Directors; Fairness of the Merger”

(a) Financial Statements. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“SPECIAL FACTORS—Certain Projections”

“IMPORTANT INFORMATION REGARDING GETTY IMAGES—Historical Selected Financial Data”

“IMPORTANT INFORMATION REGARDING GETTY IMAGES—Ratio of Earnings to Fixed Charges”

“IMPORTANT INFORMATION REGARDING GETTY IMAGES—Book Value Per Share”

“WHERE YOU CAN FIND MORE INFORMATION”

“ANNEX E—ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2007”

Certain of the materials filed as Exhibits (c)(2) – (c)(9) to this Schedule 13E-3 include projected financial information. Getty Images does not, as a matter of course, publicly disclose projections as to its future financial performance. The projections were not prepared with a view to public disclosure and are included in this Schedule 13E-3 only because such information was made available, in whole or in part, to Hellman & Friedman Capital Partners VI, L.P. and certain of its affiliated funds and their financing sources in connection with their due diligence review of Getty Images, and to Goldman, Sachs & Co. for use in connection with its financial analysis in connection with the Merger. The projections were not prepared with a view to compliance with published guidelines of the SEC regarding projections or the guidelines established by the American Institute of Certified Public Accountants for preparation and presentation of prospective financial information. Furthermore, PricewaterhouseCoopers LLP has not examined, compiled or otherwise applied procedures to the projections included in any of the presentations filed as Exhibits to this Schedule 13E-3 and, accordingly, assumes no responsibility for, and expresses no opinion on, them.

(b) Pro Forma Information. Not applicable.

(a) Solicitations or Recommendations. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

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“QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETING”

“THE SPECIAL MEETING—Solicitation of Proxies”

“THE SPECIAL MEETING—Questions and Additional Information”

(b) Employees and Corporate Assets. The information set forth in the Proxy Statement under the following captions is incorporated herein by reference:

“QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETING”

“THE SPECIAL MEETING—Solicitation of Proxies”

“SPECIAL FACTORS—Interests of the Company’s Directors and Executive Officers in the Merger”

(b) Other Material Information. The information contained in the Proxy Statement, including all annexes thereto, is incorporated herein by reference.

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SIGNATURES

After due inquiry and to the best of their knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: March 27, 2008

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Exhibit Index

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Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘SC 13E3’ Filing		Date		Other Filings
Filed on:		3/27/08		PREM14A
		2/27/08		SC 13D/A
		2/26/08		8-K,  DEFA14A
		2/24/08		8-K
		2/18/08
		2/7/08
		12/31/07		10-K
		12/17/07
		11/28/07
		11/6/07
		10/10/07
		9/19/07
		12/9/99		SC 13D/A
		11/22/99
		2/9/98		3/A,  8-A12G,  8-K,  8-K/A
		12/23/97		S-4/A
				List all Filings

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Filing Submission 0001193125-08-067369   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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