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The publisher of Time, People and Sports Illustrated agreed Sunday to be sold to another big magazine publisher, Meredith.

Meredith, which has Better Homes & Gardens and Shape among its titles,  said it will buy Time Inc., once one of the nation's most influential publishing powerhouses after its founding in 1922.

The deal is valued at $1.84 billion based on the offering price and number of shares of Time outstanding on Sept. 30. Meredith said it values the deal at $2.8 billion.

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Alex
Arizona City, United States
27.11.2017 (18 days ago)
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