Meredith to buy U.S. publisher Time in Koch-backed deal: Reuters [Reuters]
Meredith Corporation (MDP)
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Source: Reuters
Meredith to buy U.S. publisher Time in Koch-backed deal: Reuters - PE Hub US Edition (daily) Canada Edition (weekly) I accept the Terms and Conditions U.S. media company Meredith Corp said on Sunday it will buy Time Inc , the publisher of People, Sports Illustrated and Fortune magazines, in a $1.84 billion all-cash deal backed by conservative billionaire brothers Charles and David Koch , Reuters reported. (Reuters) – U.S. media company Meredith Corp said on Sunday it will buy Time Inc , the publisher of People, Sports Illustrated and Fortune magazines, in a $1.84 billion all-cash deal backed by conservative billionaire brothers Charles and David Koch . The deal is a coup for Meredith, which held unsuccessful talks to buy Time earlier this year and in 2013. It will give news, business and sports brands to the Des Moines, Iowa-based publisher and broadcaster, which owns lifestyle magazines such as Better Homes & Gardens and Family Circle. Analysts have said that bulking up on
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