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Time Inc. Said to Spurn Takeover Approach by Bronfman, Kreiz

Newsmax Edgar Bronfman, Jr.Edgar Bronfman, Jr.
Tuesday, 29 November 2016 ()

Time Inc., the iconic magazine publisher that's trying to reinvent itself, spurned a recent takeover offer for as much as $2 billion from investors Edgar Bronfman Jr. and Ynon Kreiz, according to a person familiar with the matter.
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News video: Jim Cramer: Time Inc. Too Challenged to Be Choosy

Jim Cramer: Time Inc. Too Challenged to Be Choosy 00:49

Time Inc. is too challenged to be choosy when it comes to suitors, said TheStreet's Jim Cramer. Time's shares gained over 17% Monday after its board didn't accept a buyout offer of $18 a share from Edgar Bronfman Jr. Bronfman is reported to have worked with Access Industries and Ynon Kreiz, a Israeli...

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