Time Inc rejects bid from billionaire Bronfman Jr. - NY Post
Monday, 28 November 2016 REUTERS - Time Inc, the publisher of Time, People and Fortune magazines, has rejected a takeover bid from billionaire investor Edgar Bronfman Jr., the New York Post reported on Monday.
Time Inc. is too challenged to be choosy when it comes to suitors, said TheStreet's Jim Cramer. Time's shares gained over 17% Monday after its board didn't accept a buyout offer of $18 a share from Edgar Bronfman Jr. Bronfman is reported to have worked with Access Industries and Ynon Kreiz, a Israeli...
Charles and David Koch, the billionaire U.S. industrialist brothers, are backing publisher and broadcaster Meredith Corp.'s revived bid to purchase Time Inc.,... Newsmax - MoneyAlso reported by •TVNewsCheck •Wall Street Journal •USATODAY.com
Meredith, the publisher of Family Circle and Better Homes and Gardens, is in talks to purchase the iconic Time, Inc., with the backing of billionaire... The Wrap - USAlso reported by •L.A. Times •Reuters •Wall Street Journal
NEW YORK (AP) — Time Inc. is considering a sale to fellow publisher Meredith Corp., according to media reports. The New York Times initially reported that the... SeattlePI.com - BusinessAlso reported by •Reuters •Wall Street Journal
Shares in magazine publisher Time Inc are up more than 25 per cent today after two billionaire brothers joined talks to buy the company.
Charles G. and David... City A.M. - BusinessAlso reported by •Wall Street Journal