Meredith Corp. to acquire Time Inc. with Koch Brothers' controversial assistance

Meredith Corp. to acquire Time Inc. with Koch Brothers' controversial assistance

Pedestrians walk past the new headquarters of Time Inc. in New York, U.S., on Tuesday, Oct. 27, 2015. Photographer: Michael Nagle/Bloomberg

Meredith Corp. agreed to acquire Time Inc. for $2.8 billion including debt, swallowing the once-mighty home of Fortune and Sports Illustrated after the internet age wreaked havoc on even the most prestigious magazine titles.

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