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    Categories: Hollywood party

Time Inc., Meredith Sign Near $3 Billion Deal For Magazine Assets In Koch-Backed Sale

UPDATE: Time Inc. has announced its sale to the Meredith Corporation for $18.50 per share in an all-cash transaction valued at nearly $3 billion, coming in at an estimated $2.8 billion. Both company boards finalized the deal this evening. The deal is expected to close in the first quarter … Read entire story.

Source: Deadline

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