Bronfman-backed group walks away from Time Inc

An investment group backed by Edgar Bronfman Jr, former chief executive of Warner Music, Len Blavatnik, the billionaire owner of Warner Music Group, and Ynon Kreiz, who ran Maker Studios, will not pursue an acquisition because of a valuation gap, people said who were familiar with the situation.

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Ascential to acquire MediaLink

Press Release: ASCENTIAL MEDIALINKLONDON–(BUSINESS WIRE)–Ascential plc, the global business-to-business media company listed on the London Stock Exchange, today announced that it has agreed to acquire 100% of MediaLink, a U.S.-based advisory and business services firm

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Time Inc rejects $1.8bn bid from media executives

According to the FT, Time Inc, the publishing company that owns Sports Illustrated, People and Time magazines, has rejected an unsolicited bid worth close to $1.8bn from a consortium backed by Len Blavatnik, the billionaire owner of Warner Music Group, according to people briefed on the offer.

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