Getty Images to go private via Chapter 11 after Shutterstock deal collapse

Getty Images plans a prepackaged Chapter 11 bankruptcy as a step to going private, with the Getty family and Koch Inc's investment arm investing up to $533M. The company abandoned its Shutterstock acquisition after UK regulatory pressure, and its debt reached about $2.1B while market value fell below $21M.

• Getty family and Koch to invest up to $533M in the buyout
• Debt stands at about $2.1B as valuation fell below $21M
• About $105M spent on the failed Shutterstock acquisition
• Restructuring expected to complete by the end of the year