The Koch Brothers Are Reportedly Backing A Time Inc. And Meredith Deal - indiatips.in - Yaadhum Oore Yaavarum Kelir


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The Koch Brothers Are Reportedly Backing A Time Inc. And Meredith Deal

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Time Inc. is said to be in talks with Meredith Corp. to sell itself.


The potential deal is reportedly backed by billionaire brothers Charles and David Koch.


The Koch brothers have Manila Xpress tentatively agreed to support Meredith's offer by investing more than $500 million, according to a New York Times report.



(Reuters) - Time Inc. is in talks with Meredith Corp again to sell itself in a potential deal backed by billionaire brothers Charles Koch and David Koch, the New York Times reported.

The new round of negotiations, helped by the surprise entry of the Kochs, could lead to a quick deal, the paper said.

The Koch brothers have tentatively agreed to support Meredith's offer by investing more than $500 million, the paper said, citing people involved in the matter.

The companies and Koch brothers were not immediately available for comment outside regular business hours.


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