Time Inc., the owner of Sports Illustrated, People, Fortune and Time magazine, agreed to sell itself Sunday to the lifestyle magazine publisher Meredith Corp. The $2.8 billion deal was made possible in part by a multi-million dollar cash infusion from the private equity arm of the conservative brothers Charles and David Koch.
Time Inc. To Sell To Meredith Corp. In Koch-Backed Deal
By editor • Nov 27, 2017
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