IAC's Dotdash to Acquire Meredith in $2.7 Billion Deal

The resulting company will reach 175 million monthly users


Dotdash, the digital publisher owned by IAC, announced Wednesday evening that it has reached an agreement to acquire Meredith Corp., a holding company whose titles include iconic properties like People, Southern Living and Better Homes & Gardens.

Dotdash will purchase Meredith at a price of $42.18 per share, representing a total transaction cost of $2.7 billion, which will be funded by cash and up to $1.6 billion of debt, according to its investor deck. The merger aims to close by Dec.

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