Index: wp-includes/js/tinymce/plugins/wpeditimage/editor_plugin_src.js
===================================================================
--- wp-includes/js/tinymce/plugins/wpeditimage/editor_plugin_src.js	(revision 19983)
+++ wp-includes/js/tinymce/plugins/wpeditimage/editor_plugin_src.js	(working copy)
@@ -69,8 +69,7 @@
 
 			// show editimage buttons
 			ed.onMouseDown.add(function(ed, e) {
-
-				if ( e.target && ( e.target.nodeName == 'IMG' || (e.target.firstChild && e.target.firstChild.nodeName == 'IMG') ) ) {
+				if ( e.target && ( e.target.nodeName == 'IMG' || ( e.target.firstChild && e.target.childNodes.length == 1 && e.target.firstChild.nodeName == 'IMG' ) ) ) {
 					mouse = {
 						x: e.clientX,
 						y: e.clientY,