Preliminary talks to acquire a magazine publisher
Owners of brands such as People and Better Homes & Gardens, according to people familiar with the situation.
The deal, which is expected to be worth more than $ 2.5 billion, will significantly expand the collection of IAC’s online publications, including brides, serious diets and Investopedia, people said. Also, the recently shrinking IAC portfolio will grow. The company has moved to a spin-off Online dating giant
Match group Ltd
And video hosting and sharing platforms
The IAC, headed by Chairman Barry Diller, is ahead of another group competing for Meredith, including Phoenix-based private equity firm Najafi, and some say it could sign a deal in the coming days. Stated. There is no guarantee that the transaction will take place, as negotiations can still collapse.
Meredith earlier this year I agreed to sell To that local TV business
Gray television Ltd
— Cara Lombardo contributed to this article.
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Barry Diller’s IAC in negotiations to buy magazine publisher Meredith
Source link Barry Diller’s IAC in negotiations to buy magazine publisher Meredith
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