M&A Deal Summary

Meredith Acquires Time

On November 26, 2017, Meredith acquired publishing company Time for 2.8B USD

Acquisition Highlights
  • This is Meredith’s 1st transaction in the Publishing sector.
  • This is Meredith’s largest (disclosed) transaction.
  • This is Meredith’s 17th transaction in the United States.
  • This is Meredith’s 4th transaction in New York.

M&A Deal Summary
Date 2017-11-26
Target Time
Sector Publishing
Buyer(s) Meredith
Deal Type Add-on Acquisition
Deal Value 2.8B USD

Target

Time

New York, New York, United States
website
Time, Inc. is a media company that reaches more than 130 million consumers each month across multiple platforms. With influential brands such as TIME, PEOPLE, SPORTS ILLUSTRATED, InStyle, REAL SIMPLE, Wallpaper, Travel + Leisure and Food & Wine, Time Inc. is home to celebrated events and franchises including the FORTUNE 500, TIME 100, SPORTS ILLUSTRATED’s Sportsman of the Year, the Food & Wine Classic in Aspen and the ESSENCE Festival. The company is home to growing media platforms and extensions, including digital video, OTT, television, licensing, international markets, paid products and services and celebrated live events, such as the TIME 100, FORTUNE Most Powerful Women, PEOPLE’s Sexiest Man Alive, SPORTS ILLUSTRATED’s Sportsperson of the Year, the ESSENCE Festival and the FOOD & WINE Classic in Aspen.

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Buyer(S) 1

Buyer

Meredith

Des Moines, Iowa, United States

website

Category Company
Founded 1902
Sector Media
Employees5,290
Revenue 2.8B USD (2020)
DESCRIPTION
Meredith's corporate headquarters in downtown Des Moines, Iowa.
Meredith's corporate headquarters in downtown Des Moines, Iowa.

Meredith is a media and marketing company spanning broadcast television, print, and digital. Meredith is a leader in creating content across media platforms in key consumer interest areas such as food, home, parenthood and health through well-known brands such as Better Homes and Gardens, Parents and Allrecipes. Meredith was formed in 1902 and is based in Des Moines, Iowa.

DEAL STATS #
Overall 17 of 19
Sector (Publishing) 1 of 1
Type (Add-on Acquisition) 10 of 12
State (New York) 4 of 5
Country (United States) 17 of 19
Year (2017) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-14 Qponix

Bainbridge Island, Washington, United States

Qponix is a provider of grocery server coupon technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-26 TI Media

London, United Kingdom

TI Media Ltd. is a media company, creating quality content that entertains millions of UK consumers every day. TI portfolio encompasses more than 50 well-known brands, including Country Life, What's on TV, Woman's Weekly and Wallpaper*, and operates across multiple platforms – print, online, mobile, TV and experiences. TI Media Ltd. was founded in 1963 and is based in London, United Kingdom.

Sell -
Mergr

Product

Company

Legal