Koch brothers reignite Time, Meredith sale talks
Meredith is hoping the third time’s the charm.
The publisher of Family Circle, Better Homes and Gardens and🍸 other monthly titles, is in talks to buy Time Inc., according to a report late Wednesdayꦯ.
The deal would be backed by the billionaire investing brothers, Charles G. and𓆏 David H. Koch, the report said.
The two companies have discussed a combin🎶ation twice before — the last time earlier🅷 this year.
𝓰The entry of the Koch brothers, known to support conservative causes, was a surprise, , which൩ reported on the latest round of talks.
The Koch brothers are reওady to inject $500 million cash into Meredith, the Times reported, citing people with knowledge of the talks.
Time Inc. also declined to comme♐nt. Meredith did not immediately respo൩nd to a request for comment.