IAC in talks to acquire Meredith in $2.5 billion deal that would boost its holdings after Match Group spinoff
IAChas emerged as a leading candidate to buy publisher Meredith, The Wall Street Journal reported.
- The deal, which could top $2.5 billion, would vastly expand the digital
- IAC spun off Match Group, the parent of Tinder and OkCupid, in 2019.
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Digital media giant IAC is in advanced talks to acquire print publishing giant Meredith Corp. in a potential deal that could exceed $2.5 billion, The Wall Street Journal reported Thursday.
IAC, chaired by
IAC and Meredith did not respond to requests for comment on this story.
IAC, which owns brands including Investopedia and Brides, downsized its portfolio when it spun off Match Group, the parent company of Tinder, OkCupid, and a majority of the major US dating platforms.
Acquiring Meredith, which publishes dozens of
Meredith titles acquired via the deal would become part of IAC's publishing division, Dotdash, according to The Journal.
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