![]() They then discussed selling some smaller titles separately that July, and then eventually agreed to a deal to sell everything to Meredith (for about $1.84 billion) last November. initially declined to proceed with that sale in April 2017, leading to a stock drop. Meredith Corporation, known for publishing female-focused magazines like Better Homes and Gardens, Martha Stewart Living and so on, was long rumored as a buyer, but they showed particularly little interest in SI, raising questions about its future. ![]() sale, which saw the company initially ask for offers on its whole portfolio (covering everything from Time to Sports Illustrated to Entertainment Weekly to Essence) in March 2017 following an unsuccessful takeover bid from Edgar Bronfman Jr., Len Blavatnik and associates in November 2016. This story has some similar challenges to the ones seen in the long-running Time Inc.
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