And then there was one. Well at least one that we all know about it. Meredith Corp is now the only publicly known bidder left in the race for Time Inc as the Edgar Bronfman lead investment group that triggered the whole thing with their first bid some months ago has dropped out of the process. There is believed to be three other GHOST companies involved in trying to buy Time Inc but for whatever reason nobody knows who they are. One is even said to be a publicly traded company which is puzzling because if you're a publicly traded company, then all that you do including making bids for other companies would be known no? I guess what we're saying is that we've been skeptical of the whole "there are other bidders" bit. With the Bronfman investment consortium dropping out Meredith Corp and the three other GHOST companies now have a better shot at getting Time Inc. Time Inc's board is said to be looking over the current offers but last and final offers are due in two weeks.
Meredith Gets Closer to Getting Time Inc as Bronfman Lead Group Drops Out of Bidding
Reviewed by Editor
Thursday, March 09, 2017