Barry Diller’s IAC is in advanced talks to acquire magazine publisher Meredith in a deal expected to be valued at more than $2.5 billion, people familiar with the matter say
IAC/InterActiveCorp . is in advanced talks to acquire magazine publisher Meredith Corp. , owner of brands including People and Better Homes & Gardens, according to people familiar with the situation.
The deal, which is expected to be valued at more than $2.5 billion, would vastly expand IAC’s collection of online publications, which include Brides, Serious Eats and Investopedia, the people said. It would also bulk up IAC’s portfolio, which has shrunk recently afterTo Read the Full Story
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