- M&A -

Meredith
Corporation
Time Inc.
A Conglomerate Merger
 01 The Acquirer and
Acquiree

• Internet Age
• Meredith Corporation
• Time Inc.
• Meredith-Time Team Up

Source: Bloomberg
HIGHLI
GHTS
1. Meredith Corp. agreed to acquire Time Inc. for about $1.3 billion in cash, swallowing
the latter.  

2. The outlook is to help both magazine publishers team up on advertisement sales.

3. The acquisition is backed by Charles and David Koch, the billionaire U.S.

industrialist brothers.

4. It provided the billionaire Koch brothers, a stake in the well-known media brands.

5. Koch Equity Development, the brothers’ investment arm, won’t have a seat on
Meredith’s board or have influence on its editorial or managerial operations.

6. $400 million to $500 million in cost savings, largest chunk will come from
eliminating duplication in office functions.

Source: Bloomberg
 TAKE NOTES
Importan
To Do
tSource: Bloomberg Write here your important notes

Rememb Keyword
er
Write here your important notes
sWrite here your important notes