New York Times Company in advanced talks to acquire Letterboxd for around $330 million
Summary
The New York Times Company is in advanced talks to acquire Letterboxd, The NY Times reported on Thursday 5 November, writing that the roughly $330 million deal for the cinephile community site would be part of an effort to add new products and services to the company's portfolio. The Verge reported, citing The New York Times, that the Times Company is in talks to acquire Letterboxd, the social network for film lovers, for around $330 million, the Times Company, Sony Pictures Entertainment and A24 having all been recently rumored to be among those interested in buying Letterboxd. TechCrunch headlined that The New York Times is reportedly in talks to buy Letterboxd for $330 million, writing that the online platform for movie lovers has grown dramatically in recent years.
Latest: The New York Times Company is in talks to acquire Letterboxd, the social network for film lovers, for around $330 million, The Verge reported, citing The New York Times and writing that the Times Company, Sony Pictures Entertainment and A24 were all recently rumored to be among those interested in buying Letterboxd, while TechCrunch wrote that Letterboxd has grown dramatically in recent years.
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How it unfolded
Friday 6 November
The New York Times Company is in talks to acquire Letterboxd, the social network for film lovers, for around $330 million, The Verge reported, citing The New York Times and writing that the Times Company, Sony Pictures Entertainment and A24 were all recently rumored to be among those interested in buying Letterboxd, while TechCrunch wrote that Letterboxd has grown dramatically in recent years.
Thursday 5 November
The New York Times Company is in advanced talks to acquire Letterboxd, The NY Times reported, writing that the roughly $330 million deal for the cinephile community site would be part of an effort to add new products and services to the company's portfolio.