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slade 28-Nov-17
slade 28-Nov-17
From: slade
28-Nov-17
Reuters reports:

U.S. media group Meredith has reached a deal to acquire Time, the U.S. publisher of Sports Illustrated and Fortune magazines, the company said Sunday evening.

Meredith said it had entered a binding agreement to acquire all outstanding shares of Time for $18.50 per share in an all-cash transaction valued at $2.8 billion. The transaction is expected to close during the first quarter of calendar 2018, the company said.

So what? Just follow the money:

Meredith's bid for Time is backed by an affiliate of billionaire brothers Charles and David Koch.

Koch Industries has been backing Meredith's bid with $600 million in financing, sources previously told Reuters.

From: slade
28-Nov-17

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28-Nov-17
Anything Harry Reid is against I'm pretty much for......but I'm not sure I really like the Koch brothers yet. They are in it for themselves and the others super rich like them.

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