Meredith to buy Time with help from the Koch brothers, but says they won’t have any influence
November 26, 2017 at 21:56 PM EST
It’s official—Meredith Corporation will buy Time Inc. in an all-cash transaction valued at $2.8 billion. Meredith said today it agreed to pay $18.50 per share for all outstanding shares of Time Inc. As reported earlier this month by the New York Times, the deal, which is slated to close in the first quarter of next year, includes equity financing from the billionaire Koch brothers,… Read More
