New York Times Company in Advanced Talks to Acquire Letterboxd
New York Times
What the coverage says
The New York Times Company is in exclusive negotiations to purchase the social network for film lovers, Letterboxd. The New York Times initially reported that the roughly $330 million deal aims to expand the company’s product and service portfolio, with Variety adding that the price amounts to more than 20 times the platform's projected earnings. The Verge noted that the Times Company, Sony Pictures Entertainment, and A24 had all been recently rumored bidders. TechCrunch observed that the online movie platform has experienced dramatic growth in recent years.
Written by HeadlineShine from 4 outlets' reporting, with AI assistance. Each outlet's own story is listed alongside.
Timeline
- New York Times first reported it
- Variety reported it
- The Verge reported it
- TechCrunch reported it
- Latest update
Follow
