Meredith nears deal to acquire magazine publisher Time - sources

(Reuters) - U.S. media company Meredith Corp is nearing a deal to acquire Time Inc , the U.S. publisher of Sports Illustrated and Fortune magazines, for about $2 billion (£1.5 billion), people familiar with the matter said on Sunday.

from Reuters: Top News http://uk.reuters.com/article/uk-time-m-a-meredith-exclusive/meredith-nears-deal-to-acquire-magazine-publisher-time-sources-idUKKBN1DQ0TF?feedType=RSS&feedName=topNews