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Meredith to Be Acquired by IAC’s Dotdash in $2.7 Billion Deal

Barry Diller beautiful record travelers

07.10.2021 - 00:19

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Todd Spangler NY Digital EditorMeredith, the media company home to publications like People, EW, Better Homes & Gardens and InStyle, will become part of Dotdash, the digital publishing division of Barry Diller’s IAC holding company.

The proposed terms give the deal an enterprise value of about $2.7 billion.Under the deal, Dotdash will acquire Meredit in an all-cash transaction at a purchase price of $42.18 per share.

The transaction is expected to close by the end of 2021.The combined company is to be called Dotdash Meredith and led by Dotdash CEO Neil Vogel.On its own, Dotdash currently reaches approximately 100 million online consumers monthly.

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