Meredith and Koch Bros buy Time Inc for $2.8B

Yahoo Finance Video

Media company Meredith is teaming up with the Koch Brothers to buy Time Inc. for nearly $3B. In a statement, Meredith said the Kochs will not have seats on the board. Yahoo Finance’s Alexis Christoforous, Myles Udland and Melody Hahm examine the big deal.

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