Getty Rebuffs $4 Billion Trillium Takeover Bid as Not ‘Credible’

Getty Images Holdings Inc. rebuffed Trillium Capital’s almost $4 billion takeover bid, saying the activist investor hasn’t provided any evidence that its proposal, valuing the shares at nearly double the pre-offer price, is “sufficiently credible.”

Seattle-based Getty, which holds the rights to millions of photographs and other works from over 516,000 contributors, fell as much as 11% in post market trading.