Private Investors Buying Seattle's Getty Images For $2.1 billion

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By: The San Francisco private investment group Hellman & Friedman is buying Seattle's Getty Images for $2.1 billion.

The 10-year-old stock photo and video company put itself up for sale last month as higher costs ate away profits. The stock had dropped from a high of $94 in November 2005 to a low of about $22.

An analyst, Troy Mastin of William Blair, says Getty's core business of selling more-expensive photographs to newspapers and magazines has declined as those media struggled with the rise of Internet content.

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