Who Is and Isn’t Bidding on Time Inc.
An interesting mix of investors are considering investing in Time Inc.
Time Inc. is on the market and eagerly seeking suitors who were to submit bids last week. According to Media Post, an investor group led by Edgar Bronfman Jr., the former CEO for Warner Music Group, was among those considering a bid. Media Post reports that the group withdrew its bid because Time Inc. was asking too much. The Wall Street Journal reports that Najafi Cos. may be submitting a bit, and Meredith Corp. may also be interested in bidding on Time Inc.
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