Meredith Buying Time Inc. for About $1.8 Billion

Meredith Corp. announced Sunday that it is buying Time Inc. for about $1.8 billion, a deal CEO Stephen Lacy called “a transformative and financially compelling growth opportunity” that joins two giant magazine companies. Meredith brings with it a magazine portfolio that includes Better Homes & Gardens, Family Circle, allrecipes and Shape…

via Meredith Buying Time Inc. for About $1.8 Billion — TIME

Advertisements