Meredith Corporation is close to being sold in a deal worth more than $2.5 billion. Although the agreement has not been finalized, the stocks of both parties involved have increased. According to several sources, the negotiations are lead by IAC.
Meredith Publisher: Background
Meredith Corporation is a media and marketing service company with headquarters in Iowa, United States. It was founded in 1902. Furthermore, the company owns several (28) well-known brands, such as People and Instyle Magazines. They have around 120 million readers, which includes 40 million who pay memberships. Consequently, they have a revenue of $2.9 million up to June 2021, according to a report published in August 2021.
Meredith Corporation has a market value of $2.56 billion, according to Yahoo Financ...
