Time Inc rejects bid from billionaire Bronfman Jr.: NY Post
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Thomson Reuters
Edgar Bronfman, Canadian billionaire and CEO of Warner Music Group, arrives at Paris criminal court
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Bronfman Jr. offered $18 per share, the Post reported, valuing Time Inc at $1.78 billion.
The company's shares were up 5.1 percent at $14.50 in premarket trading.
New York-based Time Inc could not immediately be reached for comment.
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(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Sai Sachin Ravikumar)
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