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    Barry Diller’s IAC in negotiations to buy magazine publisher Meredith

    Meredith is the publisher of titles for People, Better Homes & Gardens and other magazines.


    Photo:

    Drew Angeler / Getty Images

    IAC / InterActiveCorp..

    IAC 3.01%

    Preliminary talks to acquire a magazine publisher

    Meredith Corporation.,

    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

    Vimeo Ltd

    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

    Write to Jeffrey A. Tractenberg jeffrey.trachtenberg@wsj.com

    Copyright © 2021 DowJones & Company, Inc. all rights reserved. 87990cbe856818d5eddac44c7b1cdeb8

    Barry Diller’s IAC in negotiations to buy magazine publisher Meredith

    Source link Barry Diller’s IAC in negotiations to buy magazine publisher Meredith

    The post Barry Diller’s IAC in negotiations to buy magazine publisher Meredith appeared first on Eminetra.

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