Meredith Corp. Acquires Time Inc. in $2.8 Billion Koch Brothers-Backed Deal

READ ON: Variety
Meredith Corp., a magazine publisher and broadcast company, will acquire Time Inc. in a deal totaling $2.8 billion, the company announced Sunday. The all-cash transaction is backed by an affiliate of Koch Industries, headed by the controversial billionaire brothers Charles and David Koch. Des Moines, Iowa-based Meredith said in the statement the deal had been […]