The investment of the tech-focused holding company comes as part of the planned merger between Getty Images and CC Neuberger Principal Holdings II, a special-purpose acquisition company sponsored by CC Capital and Neuberger Berman, according to a statement
Abu Dhabi-based Multiplay Group, a tech-focused holding company has signed an agreement to invest 275 million AED ($ 75 million) in the stock photo and related content business Getty Images.
The investment of the tech-focused holding company comes as part of the planned merger between Getty Images and CC Neuberger Principal Holdings II, a special-purpose acquisition company sponsored by CC Capital and Neuberger Berman, according to a statement.
Announced in early December, the merger entails a total equity investment of $ 1.3 billion, which values Getty Images at $ 4.8 billion.
Following the listing of a newly established parent company that owns Getty Images on the New York Stock Exchange, the deal is to be completed in the first half of 2022.
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