The New York Times Company to Acquire The Athletic
January 6, 2022
The New York Times Company has entered into an agreement to acquire The Athletic, a global digital subscription sports media business, for an all-cash purchase price of $550 million (subject to customary closing adjustments). The deal is expected to close in the first quarter of 2022, and The Athletic will continue to operate separately as a subsidiary of The Times Company.
- Buyers
- The New York Times Company
- Targets
- The Athletic
- Industry
- Media & Entertainment
- Location
- United States
- Transaction Type
- Buyout
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