Time Warner Rumored to Offer $35 Million for OK! Magazine
Time Warner is rumored to have offered between $30 and $35 million for the United States version of OK! magazine. According to Sky News the timing for the acquisition might be right, as the owner of OK! – Richard Desmond – is looking to sell off his newspaper and magazine titles.
Talks are in the early stages right now, so Sky News doesn’t have any insight into whether Desmond considers the offer appropriate.
OK! would be a natural fit for Time Warner if the deal does end up going through.
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