Meredith, Backed by Koch Brothers, Acquires Time Inc. for $2.8 Billion The Meredith Corporation has closed a $2.8 billion deal to buy Time Inc, with the companies finalizing and announcing the acquisition on Sunday night. Meredith’s bid was bolstered by $650 million from the private-equity firm of conservative megadonors Charles and David Koch, but Meredith …
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