Deals
Meredith Contacts Time to Express Interest in Merger
- Media companies nearly combined in 2013 before talks ended
- Time board said to meet later this month to evaluate options
Meredith Expresses Interest in Merger With Time
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Meredith Corp. has contacted Time Inc. to express interest in a potential merger, according to people familiar with the matter, rekindling a possible tie-up that died in 2013.
Other strategic companies and privately held businesses have also been in touch with Time about a possible deal, one of the people said. No talks have yet been held with interested parties, the person said. Time shares climbed as much as 11 percent in New York. As of 3:28 p.m., they rose 3.5 percent, valuing the company at about $1.9 billion.