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Time Inc. Eyeing Yahoo Acquisition

Time Inc. is reportedly pursuing an acquisition of Yahoo’s core business. “The $1.5 billion owner of magazines including People, Sports Illustrated, Time and Fortune, has heard a presentation from Citigroup Inc. bankers on pursuing a deal to merge with Yahoo,” Bloomberg Businessweek reports. “The idea is of real interest to Time Inc. Chief Executive Officer Joe Ripp.”

Read the whole story at Bloomberg Businessweek »

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