Jupitermedia is to be bought by Getty
(New York, NY – October 23, 2008) — Jupitermedia Corporation (Nasdaq: JUPM) (“Jupitermedia”) announced today that it has entered into a definitive stock purchase agreement to sell its Online Images business to Getty Images, Inc. for an aggregate purchase price of $96 million in cash. Under the terms of and subject to the conditions set forth in the stock purchase agreement, Jupitermedia has agreed to sell all of the outstanding capital stock of Jupiterimages Corporation (“Jupiterimages”), an Arizona corporation and a wholly owned subsidiary, to Getty Images, Inc.
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