Hellman Buying Getty Images

Hellman & Friedman has agreed to pay $2.4 billion for Getty Images Inc. (NYSE:GYI), a Seattle-based creator and distributor of visual content and other digital media; the price includes the assumption of existing debt. Barclays Capital, GE Commercial Finance and RBS Greenwich Capital are providing debt financing. Getty Images shareholders will receive $34 in cash for each common share outstanding.

This price represents a premium of about 55 percent over the closing price on January 18, the last trading day before Getty Images announced it was exploring strategic alternatives. www.gettyimages.com and www.hf.com