Time Inc. Is Taking Bids From Potential Buyers
Meredith and Edgar Bronfman are expressing interest, again
Is Time Inc. for sale? Maybe. In a move first reported yesterday by Bloomberg’s Alex Sherman, Time Inc. has asked for bids from potential buyers. The informal deadline for offers is next week, and five groups are already showing interest.
One of those is Meredith Corp., which has reportedly been expressing interest in Time Inc. in recent months. Meredith had previously been part of a failed deal with Time Warner, Time Inc.’s then parent company, that would have created a separate company around a number of Time Inc.
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