Jupitermedia Corporation (“Jupitermedia”) (NASDAQ: JUPM) announced today that it has completed the previously announced sale of Jupiterimages Corporation (“Jupiterimages”), a wholly-owned subsidiary of Jupitermedia, to Getty Images, Inc. (“Getty Images”) for $96 million in cash, subject to certain post-closing adjustments (the “Sale”).
In connection with the Sale, Jupitermedia terminated its Credit Agreement with KeyBank National [...]