Breaking News         Latest US News              New York News              Fx Tribune

Maneuvering a Divorce With Children
Time Inc. is said to be asking potential suitors to submit preliminary bids by the end of next week — and sources now say there may be as many as five potential suitors in the hunt.One of the five is a foreign suitor, one source said, but others close to...

Multiple companies looking to snatch up Time Inc.

Time Inc. is said to be asking potential suitors to submit preliminary bids by the end of next week — and sources now say there may be as many as five potential suitors in the hunt.One of the five is a foreign suitor, one source said, but others close to...

Multiple companies looking to snatch up Time Inc.

Time Inc. is said to be asking potential suitors to submit preliminary bids by the end of next week — and sources now say there may be as many as five potential suitors in the hunt.

One of the five is a foreign suitor, one source said, but others close to the matter quickly poured cold water on that.

“All of the suitors are US-based firms,” a source close to the situation told Media Ink.

The guess is that offers will be valued at somewhere around $2 billion for the outstanding stock — plus the assumption of about $1.2 billion in debt.

Time Inc. shares were trading up 4.8 percent in after-hours activity, to $18.40, giving the publisher a market cap of roughly $1.8 billion.

The news that the number of suitors has swelled to five from two was first reported by Bloomberg. Media Ink has confirmed there are five interested parties — and two bidders.

One bid is sure to come from the trio of well-heeled investors — Edgar Bronfman’s Accretive LLC, Warner Music Chairman Len Blavatnik’s Access Industries, and Ynon Kreiz, former head of Maker Studios.

Meredith Corp., owner of local TV stations and magazines, like Better Homes & Gardens and Martha Stewart Living, is also in the hunt. The names of the other three suitors could not be learned.

Time Inc. declined to comment.

Our editors found this article on this site using Google and regenerated it for our readers.

Breaking News Headlines

banner30
Evidence Used in Health Care Fraud Cases
Evidence Used in Health Care Fraud Cases
Credit card signatures are becoming obsolete – An Overview
Credit card signatures are becoming obsolete – An Overview
Downtime and dollars: the true cost of a DDoS attack
Downtime and dollars: the true cost of a DDoS attack
Settle only for the Best Essay Writing Service!
Settle only for the Best Essay Writing Service!
Bounce Rate Metric – An Important Indicative of Website Performance
Bounce Rate Metric – An Important Indicative of Website Performance
In Over Your Head? There is Help at Hand
In Over Your Head? There is Help at Hand
What is Whiteboard Animation and How Can It Benefit Your Company?
What is Whiteboard Animation and How Can It Benefit Your Company?
How a typical smartphone can control your children
How a typical smartphone can control your children
How to Start a Java Programming Career?
How to Start a Java Programming Career?
Tips For Shooting Better Landscape Photographs
Tips For Shooting Better Landscape Photographs
Understanding Available Commercial Property Insurance Policies
Understanding Available Commercial Property Insurance Policies
Ways To Use Gambling In Society To Make Money
Ways To Use Gambling In Society To Make Money
POLLS Results ALL
Who is the most powerful actor in Syria

banner31
Front Pages
  • The Sun
NEWS ARCHIVES