IAC in talks to acquire Meredith in $2.5 billion deal that would boost its holdings after Match Group spinoff
Digital media giant IAC is in advanced talks to acquire print publishing giant Meredith Corp. in a potential deal that could exceed $2.5 billion,IAC, chaired by Barry Diller, has pulled ahead of private equity firm The Najafi Companies and other potential buyers and could reach an agreement with Meredith in the next few days, according to The Journal.
Acquiring Meredith, which publishes dozens of magazines including People, Better Homes & Gardens, and InStyle, would significantly boost its holdings — and mark a major pivot for Meredith, whichMeredith titles acquired via the deal would become part of IAC's publishing division, Dotdash, according to The Journal.Subscribe to push notifications
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