Meredith Says Buy of Time Won't be Challenged by US Antitrust Overseers
Meredith Corp. said U.S. antitrust overseers won't challenge its planned takeover of Time Inc. With early termination of the merger waiting period in hand, the owner of TV stations and magazines expects to complete the deal announced Nov. 26 within…
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30 days. The acquirer plans Q1 completion of the $2.8 billion transaction that's getting funding from Koch Equity Development (see 1711270014). The FTC and DOJ didn't comment right away Friday.