Barry Diller’s IAC in Talks to Purchase Journal Writer Meredith

IAC/InterActiveCorp . is in superior talks to accumulate journal writer Meredith Corp. , proprietor of manufacturers together with Folks and Higher Houses & Gardens, in line with individuals conversant in the state of affairs, in an effort to construct extra scale in on-line publishing.

The deal, which is anticipated to be valued at greater than $2.5 billion, would vastly develop IAC’s assortment of on-line publications, which embody Brides, Severe Eats and TripSavvy, the individuals stated. It could additionally bulk up IAC’s portfolio of internet sites, which has shrunk lately after the corporate moved to spin off online-dating behemoth Match Group Inc. and video-hosting and sharing platform Vimeo Inc.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.