hellman friedman

Lehman Brothers said that it will sell much of its money management business, including its prized Neuberger Berman asset management unit, to Bain Capital and Hellman & Friedman.

Just when you thought that Getty was in it's last throws of existence, before its massive library of wholly owned content gets broken up by Hellman & Friedman and sold off for pieces, Getty comes in and lowers the bar that much further.

Getty's Hulton Archive has been sold to the private equity firm Hellman & Friedman for $2.4 billion (£1.2 billion).

An incomparable record of the twentieth century, it holds about 70 million pictures and 30,000 hours of film footage.

I spent a good portion of yesterday, the day that the Getty Images (NYSE: GYI) sale to Hellman & Friedman was announced, contemplating the ramifications.

In between assignments, I fielded (and made) a number of calls about the aquisition.

StreetInsider.com Notable Mergers and Acquisitions of the Day:

• Electronic Arts (NASDAQ: ERTS) announced that it has proposed to acquire Take-Two Interactive Software (NASDAQ: TTWO) in an all-cash merger valued at approximately $2.0 billion, or about $26/share.
  
  Take-Two rejected the 63% premium price, saying the bid undervalued the company.
• Getty Images Inc.