YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Meredith Corp. is building financing to make a takeover bid for Time Inc., people familiar with the matter told Dow Jones Newswires.
The sources said Meredith recently approached Time to indicate it had secured financing, including $600 million from a private-equity subsidiary of Koch Industries owned by the Koch brothers.
Meredith publishes Better Homes and Gardens and Family Circle and Time owns People, Sports Illustrated and the flagship Time.
Read more from Dow Jones Newswires.
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