Business

Barry Diller’s IAC may purchase magazine publisher Meredith

IAC/InterActiveCorp. is in superior talks to amass journal writer Meredith Corp., proprietor of manufacturers together with Individuals and Higher Properties & Gardens, in line with individuals acquainted with the scenario.

The deal, which is anticipated to be valued at greater than $2.5 billion, would vastly increase IAC’s assortment of on-line publications, which embrace Brides, Critical Eats and Investopedia, the individuals stated. It could additionally bulk up IAC’s portfolio, which has shrunk not too long ago after the company moved to spin off on-line relationship behemoth Match Group Inc.
MTCH,
+0.73%

 and video-hosting and sharing platform Vimeo Inc.
VMEO,
+0.21%
.

https://www.marketwatch.com/story/barry-dillers-iac-may-purchase-magazine-publisher-meredith-11632437891?rss=1&siteid=rss | Barry Diller’s IAC might buy journal writer Meredith

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