Meredith to buy U.S. publisher Time in Koch-backed deal

Business / Corporate Nov 27, 2017

Meredith to buy U.S. publisher Time in Koch-backed deal

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 ...