Time Inc. Said to Spurn Takeover Approach by Bronfman, Kreiz
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.
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...
Time Inc, the publisher of People, Fortune, and Sports Illustrated magazines, has rejected a takeover bid from the billionaire investor Edgar Bronfman Jr., the... Business Insider - TechnologyAlso reported by •bizjournals •Billboard.com •USATODAY.com •CNNMoney
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