By William Turvill
The New York Times is in exclusive talks to acquire digital sports news business the Athletic, according to Puck.
The Athletic, which claims to have 1.2m paid subscribers, has reportedly been seeking a buyer for much of 2021 and had previously been linked with the NYT as well as Axios (scroll down this page for more).
The Information reported that its previous negotiations with the NYT had broken down in June. In September, the Information reported that the Athletic had hired bankers to find a buyer willing to pay more than $750m.
Earlier this week, Front Office Sports reported that the New York Times was interested again. And today Puck says that the two companies are in exclusive talks.
Source: Puck
Deal value: $750m?
Country: US
Status: Report
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