Getty Images was worth $4.8 billion just 4 years ago. Now it’s filing for bankruptcy

Getty Images is filing for bankruptcy and plans to go private, the company announced on Monday.A release says that the company plans to begin the process of filing for Chapter 11 bankruptcy in the weeks ahead and undergo massive restructuring, which will ultimately see complete control and ownership of the company in the hands of the Getty family, as well as Koch Equity Development. As a part of the restructuring, Koch Equity Development (which is the investment arm of Koch, Inc.) will inves...