Jupitermedia Buyout Possible - TheStreet

Jupitermedia Buyout Possible

Shares soar 25% after Getty is named as a suitor.
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Jupitermedia

(JUPM)

shares surged 25% after a published report said the company might be a takeover target.

The

New York Post

said

Getty Images

(GYI)

, a company that owns a vast portfolio of photos, is in advanced talks to buy Jupitermedia.

Jupitermedia provides digital images to Web developers. The report cited sources with knowledge of the situation who said Getty might pay more than $11 a share for Jupitermedia.

Shares of Jupitermedia were lately climbing $1.99 to $10.01.