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The company said Dotdash will buy an entity that will hold Meredith’s National Media Group and its corporate operations in an all cash transaction of $42.18 per share.
The combined company will be called Dotdash Meredith and be led by Dotdash top boss Neil Vogel, the companies said.
Meredith’s magazine brands, which include People, Better Homes & Gardens and Allrecipes, would complement and expand IAC’s collection of digital publications such as Investopedia, Serious Eats and Brides.
