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OFFON

MEREDITH CORPORATION

(MDP)
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Barry Diller's IAC Reportedly in Talks to Buy Magazine Publisher Meredith

09/23/2021 | 06:42pm EDT

IAC/InterActiveCorp (NasdaqGS:IAC) is in advanced talks to acquire magazine publisher Meredith Corporation (NYSE:MDP) owner of brands including People and Better Homes & Gardens, according to people familiar with the situation. The deal, which is expected to be valued at more than $2.5 billion, would vastly expand IAC's collection of online publications, which include Brides, Serious Eats and Investopedia, the people said. It would also bulk up IAC's portfolio, which has shrunk recently after the company moved to spin off online dating behemoth Match Group Inc. and video-hosting and sharing platform Vimeo Inc. IAC, led by Chairman Barry Diller, has pulled ahead of another group vying for Meredith that includes Phoenix-based private-equity firm The Najafi Cos. and could strike a deal in the coming days, some of the people said. There is no guarantee there will be a deal, as the talks could still fall apart.


© S&P Capital IQ 2021
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Analyst Recommendations on MEREDITH CORPORATION
More recommendations
Financials (USD)
Sales 2022 2 831 M - -
Net income 2022 187 M - -
Net Debt 2022 - - -
P/E ratio 2022 21,3x
Yield 2022 -
Capitalization 2 581 M 2 581 M -
Capi. / Sales 2022 0,91x
Capi. / Sales 2023 0,89x
Nbr of Employees 5 085
Free-Float 56,9%
Chart MEREDITH CORPORATION
Duration : Period :
Meredith Corporation Technical Analysis Chart | MDP | US5894331017 | MarketScreener
Technical analysis trends MEREDITH CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Last Close Price 58,40 $
Average target price 51,50 $
Spread / Average Target -11,8%
EPS Revisions
Managers and Directors
Thomas H. Harty Chairman, President & Chief Executive Officer
Jason M. Frierott Chief Financial Officer
D. Mell Meredith Frazier Vice Chairman
Elizabeth E. Tallett Lead Independent Director
Donald C. Berg Independent Director
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