Getty Sr. agreed to pay a ransom, although he would only pay $2.2 million of the $17 million because that was the maximum amount that was tax deductible. He loaned the remainder to his son who was responsible for repaying the sum at 4% interest. The reluctant Getty Sr. negotiated a deal and got his grandson back for about $2.9 million. Getty III was found alive in southern Italy on 15 December 1973, shortly after the ransom was paid.