Wachtell, Cooley Guide Dotdash's $2.7B Buy Of Meredith

By Hailey Konnath (October 6, 2021, 10:11 PM EDT) -- Meredith Corp., the publisher behind popular publications People magazine, Better Homes & Gardens and InStyle, has been acquired by IAC's Dotdash in a $2.7 billion deal steered by Wachtell Lipton Rosen & Katz and Cooley LLP, the companies announced Wednesday.

The agreement will see Dotdash merge with Meredith's National Media Group in an all-cash deal worth $42.18 per share, according to a joint statement. The combined company, Dotdash Meredith, is expected to be one of the biggest publishers in the U.S., the companies said.

Meredith also publishes Allrecipes, Southern Living and Real Simple, while Dotdash is behind Investopedia, The Spruce, Verywell,...

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