Deals
Time Will Begin Discussions With Interested Buyers
- Time’s board convened this week to discuss future of company
- Meredith Corp., Edgar Bronfman Jr. among interested buyers
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Time Inc. will begin discussions with potential acquirers after holding a board meeting earlier this week about the future of the iconic publisher, according to people familiar with the matter.
The board isn’t under any pressure to sell the company and wouldn’t unless the initial expressions of interest value Time significantly higher than previous overtures, the people said. Time may start talks with buyers and their advisers as soon as next week, one of the people said.