Meredith to Buy Time Inc. With Koch Backing
December 13, 2017

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.

The $18.50-a-share offer is an all-cash Continue reading

Liliane Bettencourt, L’Oreal Billionaire Heiress, Dies at 94
October 5, 2017

Liliane Bettencourt, heiress to the L’Oreal cosmetics empire and the world’s wealthiest woman, has died. She was 94.

Her death was announced in a statement from Jean-Paul Agon, chief executive officer at L’Oreal Group. She died Wednesday at her Continue reading