Meredith Publishing has confirmed a deal to purchase Time Inc. in a cash deal valued at around $2 billion.
The deal is announced just after U.S. President made many scratch their heads over a tweet claiming, he turned down being Time Magazine's "Man of the Year."
Our U.S. correspondent Priscilla Huff reports:
IN: "The third time ...
OUT: SOC
DUR: 56
POT: 39
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