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New York Times Company in talks to buy Letterboxd for about $330 million

The New York Times Company is negotiating to acquire Letterboxd, a social network for film fans, for around $330 million. The deal would add a film-focused community to its portfolio of consumer products.

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Photo: Ermell, CC BY-SA 4.0, via Wikimedia Commons

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The New York Times Company is in talks to acquire Letterboxd, a social network built for film lovers. The price under discussion is around $330 million. The talks have been described as "exclusive negotations".

Companies

Other names had recently been linked to a possible purchase of Letterboxd. They include Sony Pictures Entertainment and A24, the film studio. The material does not say whether those parties are still involved.

In numbers

  • $330 millionReported deal price

The New York Times Company, the past month

$65.57up +2.34%

$70.66$64.076 Oct5 Nov

Companies

No deal has been announced. The terms, timing and any approval steps have not been stated. For now, the $330 million figure is the amount being discussed in the negotiations.

The New York Times Company$65.57up +2.34%over 1 month
$70.66$64.076 Oct5 Nov

Prices can be delayed by 15 minutes or more. Past moves say nothing about future ones.

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Background

Letterboxd is a social network where film fans share and discuss movies.

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This article is not investment advice. It was written by our automated newsroom from published reports and official statements, using only the facts in them, and not read by a person before it was published. Report a mistake
Photo: Ermell, CC BY-SA 4.0, via Wikimedia Commons

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