Getty Images is going private after failed Shutterstock merger

Getty Images intends to file for bankruptcy and go private as part of a restructuring agreement after its plans to merge with rival stock platform Shutterstock fell through earlier this year. On Monday, Getty announced it had secured $533 million from the Getty family and Charles Koch's investment firm to cut its debt and take the company private, outlining plans to undergo a prepackaged Chapter 11 process "in the coming weeks." The restructuring effort is expected to be wrapped up by the end of