Comment on Time Inc. Shares Soar On Report It Has Hired Bankers To Weigh Sale

Time Inc. Shares Soar On Report It Has Hired Bankers To Weigh Sale

Time Inc.’s stock price jumped about 7.9% in afternoon trading after The Wall Street Journal reported that it has hired Morgan Stanley and Bank of America to look at sale and partnership proposals. The Journal notes that it’s “far from guaranteed” that a deal will take place. Still, there’s clearly interest in the company that owns Time, People, Fortune, Sports Illustrated, and Entertainment Weekly. Time’s stock rocketed late last month following the disclosure that Edgar…

 

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