Pitching customers a new, all-inclusive service for buying and installing hair, Mayvenn is looking to significantly expand its haircare business and just raised $23 million in a new round of funding to do it. The new financing was led by Essence Ventures — and it represents the first outside investment by the holding company owned […]
View More With a new deal for customers and a fresh $23 million, Mayvenn extends its hair care businessCategory: Time Inc.
Marc and Lynne Benioff will buy Times magazine from Meredith for $190M
Another tech billionaire will scoop up a major news outlet. Meredith Corporation, which acquired Time Inc. in January, announced today that it has agreed to sell its eponymous magazine to Salesforce.com co-founder Marc Benioff and his wife Lynne Benioff for $190 million in cash. Meredith said in March that it planned to sell Time, Sports […]
View More Marc and Lynne Benioff will buy Times magazine from Meredith for $190MKoch brothers help Meredith buy Time magazine
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Meredith Corporation is buying Time Inc for $2.8bn (£2.1bn)—and it has some controversial financial backers: the conservative billionaire Koch brothers.
Meredith, which already publishes magazines including Parents, Shape and Better Homes & Gardens, said Charles and David Koch helped fund the deal to acquire Time Inc., the mag’s publisher, with $650 million in preferred equity. Time Inc. includes a variety of major magazine titles including Time, Sports Illustrated, Entertainment Weekly, People, Fortune, and many others.
The deal was unanimously approved by the boards of both companies. Read more…
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View More Koch brothers help Meredith buy Time magazineMeredith to buy Time with help from the Koch brothers, but says they won’t have any influence
It’s official—Meredith Corporation will buy Time Inc. in an all-cash transaction valued at $2.8 billion. Meredith said today it agreed to pay $18.50 per share for all outstanding shares of Time Inc. As reported earlier this month by the New York Times, the deal, which is slated to close in the first quarter of next year, includes equity financing from the billionaire Koch brothers,… Read More