Meredith Rumored To Join Lagardere Bidding

meredith Meredith Rumored To Join Lagardere BiddingMeredith Corp., publisher of Better Homes & Gardens and Family Circle, is rumored to be “in the hunt” alongside Hearst and Bauer for Paris-based magazine publisher Lagardere, reports the Post.

Bids on Lagardere’s international titles, which include Elle and Woman’s Day, were due at the end of last week. They’re worth over $700 million dollars, says Keith Kelly. Unlike Hearst and Bauer, Meredith is publicly-traded and would need to run the deal by shareholders.

Between France’s obscenely long national holiday and New York’s snowy shut-down, we’re not holding our breath for any announcements.

 

kstoeffel@observer.com :: @kstoeffel