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According to WSJ, Meredith (MDP) approached by IAC/InterActiveCorp (IAC)

  • September 24, 2021


StockMeredith CorporationSymbolMDP
Date Announced09/23/2021Source Wall Street Journal
TypeNews Report
Date of Confirmation: 10/06/2021Price at Confirmation: $58.22
Potential Profit: 0.33%Annualized Profit: 9.19%

IAC/InterActiveCorp. (IAC) is in advanced talks to acquire magazine publisher Meredith Corp. (MDP), owner of brands including People and Better Homes & Gardens, according to people familiar with the situation, in an effort to build more scale in online publishing.

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