Meredith, in Deal Backed by Koch Brothers, to Buy Time Inc. – Daily Beast staff (dailybeast.com) / Nov 26 2017
The Meredith Corporation media group announced Sunday that it is acquiring Time Inc. in a $2.8 billion all-cash deal, CNBC reported. The company said it will acquire all outstanding Time Inc. shares for $18.50 each. Meredith had unsuccessfully attempted to buy Time Inc. earlier this year and in 2013. The bid is supported by by an affiliate of billionaire brothers Charles and David Koch, who are known for pushing their conservative political views and positions on economic freedom. However, Meredith said the brothers will have no editorial input or board seat in the combined company.
https://www.thedailybeast.com/meredith-in-deal-backed-by-koch-brothers-to-buy-time-inc
PB/TK – Koch’s are kicking $600 million, yeah they’re not gonna be quiet or playing shadow puppets in the corner cubicle
