Time Inc. Sells Experiential Business INVNT

Time Inc. has sold its experiential business INVNT, ending a week of announcements from the publisher of plans to sell off multiple titles to focus on its core assets.

INVNT, which specializes in live events and creative services, was sold back to its founding partners Scott Cullather and Kristina McCoobery. The sale closed Thursday. No terms were disclosed.

Time Inc. acquired INVNT in 2015 in an effort to expand beyond its print business and connect its audiences to its marketing partners.

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