- Getty Images Shares Pull Back:
Wall Street began considering the downside of Getty Images´s purchase of MediaVast and its talks to buy Jupitermedia. "We view this deal as a strategic positive for Getty", Thomas Weisel Partners analyst Christa Quarles said. But the Jupitermedia purchase could make the stock more volatile over the next few quarters.
Citigroup analyst Matthew Troy also saw risks for Getty. He said the company is spending about $540 million on the buyouts, exhausting its cash supply and taking on debt. Getty acknowledged the purchases will not make money until 2008.
Tags: Getty Images MediaVast Jupiterimages Jupitermedia