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Media, Tech Companies Face Buyout Frenzy

  • USA Today, Thursday, February 14, 2013 4:40 PM

Meredith's potential purchase of most Time Inc. titles -- which could be spun off "into a separate, publicly traded company that would also include Meredith titles like Better Homes and Gardens and Ladies’ Home Journal," according to the New York Times -- is just the latest possible deal in a year chockful of M&A action for media companies. According to Dealogic,  global dealmaking in the technology, media and telecom industries is "off to the strongest start since 2000," as USA Today reporters note. "So far this year, U.S. companies have spent more than $100 billion buying up technology, media and telecom firms," a stat that's "more than triple where it was at this point last year."

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