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media/telecom

IAC to Buy Meredith for $2.7 Billion

By
Sahil Patel
· · Source: The Information

Barry Diller has got his hands on a print media giant. The billionaire mogul’s digital firm, IAC, reached a deal to acquire Meredith—the publisher behind titles such as People, Entertainment Weekly and Better Homes and Gardens—in a deal valued at approximately $2.7 billion. IAC will merge Meredith with its existing digital publishing business, Dotdash. The combined business will be led by...

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