Jupitermedia Corp., a provider of technology and Internet research, said it has terminated talks with Getty Images Inc. about a $9.60-a-share sale of the company. Its shares (JUPM:US) fell 18 percent.
Jupitermedia announced the end of the negotiations with Getty, the world's largest distributor of commercial photography, in a statement. Getty was interested in a Jupitermedia division called Jupiterimages that sells illustrative material from a stock of more than 7 million images.
Shares of Darien, Connecticut-based Jupitermedia shares fell $1.53 to $7.10 as of 4:30 p.m. New York time in Nasdaq Stock Market composite trading. Shares of Seattle-based Getty fell $1.19, or 2.4 percent, to $49.43 as of 4:03 p.m. in New York Stock Exchange composite trading.
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