Category: Market Movers

Meredith to purchase Time Inc.

(FinancialPress) — Top media firm Meredith (MDP) and publisher Time Inc. (TIME) have agreed to terms for an acquisition by the former to the tune of $2.8 billion. The game-changing move will put widely-recognized publications such as People, Sports Illustrated, Fortune and Entertainment Weekly under its umbrella – adding to its current portfolio of titles that includes Parents, Better Homes & Gardens and Shape. Both…

Airbus lands record 430 plane deal

(FinancialPress) — Tolouse, France-based Airbus (AIR.PA) will be manufacturing a whopping 430 units of its A320neo-line jets, after landing a deal wit U.S. investor Bill Franke, who will be upping his stake in budget airlines. The deal, which will aim to increase the fleet strength of the four airlines in which Franke‘s Indigo Partners has ownership – Frontier Airlines, Volaris (Mexico), Wizz Air (Hungary) and…