The New York Times is in talks to buy Letterboxd for around $330 million
Summary
The New York Times Company is currently holding exclusive discussions to purchase the popular film social network Letterboxd. According to recent reports, the potential transaction is valued at approximately $330 million.
Letterboxd’s homepage. The New York Times Company is in talks"exclusive negotations" to acquire Letterboxd, the social network for film lovers, for around $330 million, The New York Times reports. The Times Company, Sony Pictures Entertainment, and A24 were all recently rumored to be among those interested in buying Letterboxd. The negotiations with the Times Company have included the potential for…
Source: Read the full story at The Verge
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