NYT in talks to buy Letterboxd for 330 million
The New York Times Company is in advanced negotiations to acquire film platform Letterboxd for roughly 330 million dollars. The potential deal would expand the media organization beyond its core news business. No final agreement has been reached yet.
Xurve View
Insights:
Xurve View
NEW YORK TIMES CO-A is in exclusive talks to acquire film platform Letterboxd for $330 million, people familiar with the matter said Thursday afternoon. The potential transaction would expand the publisher's digital portfolio beyond news, following prior deals for The Athletic and Wirecutter. Letterboxd reached 30 million users, driven by popularity among Gen Z film fans in the United States and globally.
