Meredith Corporation $2.8 billion acquisition of Time Inc

Overview:

• Meredith Corporation has acquired Time Inc for $2.8 billion.
• Time Inc is the publisher of People, Sports Illustrated and Fortune magazines.
• Koch Equity Development has provided $650 million to Meredith Corporation for the acquisition and RBC Capital Markets, Credit Suisse, Barclays and Citigroup Global Markets have also provided debt for the acquisition.
• BDT & Company and Moelis & Company have provided financial advice to Meredith, while Morgan Stanley and Bank of America Merrill Lynch acted for Time Inc.
• Rothschild and Credit Suisse acted as financial advisers to Koch Equity Development.

 Katrin Kostadinova - Data analyst