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Meredith to buy Time for $2.8B

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Meredith Corp. yesterday officially announced its plans to buy Time Inc. for $2.8 billion.

Meredith, which publishes Better Homes & Gardens and Family Circle, would bring on Time's Sports Illustrated, Fortune and Time magazines in the deal.

The companies expect the transaction to finalize in the first quarter of 2018.

Read more from Fox Business.

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