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Meredith to Buy Time Inc. With Koch Backing

Meredith Corp. agreed to acquire Time Inc. for $2.8 billion including debt, swallowing the once-mighty home of Fortune and Sports Illustrated after the internet age wreaked havoc on even the most prestigious magazine titles. The $18.50-a-share offer is an all-cash one, Meredith said in a statement Sunday. The deal gives Meredith, publisher of Better Homes & Gardens, a larger audience at a time when publishers need to get bigger to compete with Facebook and Google in advertising. The acquisition also gives the billionaire Read more about print media’s enduring appeal…

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Facebook to Show Users Which Russian Propaganda They Followed

request from Congress to address manipulation and meddling during the 2016 presidential election. The tool will appear by the end of the year in Facebook’s online support center, the company said in a blog post Wednesday. It will answer the user question, “How can I see if I’ve liked or followed a Facebook page or Instagram account created by the Internet Research Agency?” That’s the Russian firm that created thousands of incendiary posts from fake accounts posing as U.S. citizens. People will see a list of the accounts they followed,…

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Malcolm Young, AC/DC Founder Who Rocked to the Top, Dies at 64

Malcolm Young, the AC/DC founder whose driving guitar rhythms and musical direction helped the Scottish-Australian band earn a place among the most successful in rock history with albums such as “Back in Black” and “Highway to Hell,” has died. He was 64. Young died in Sydney after suffering from dementia for several years, his family said in a statement. “It is with deepest sorrow that we inform you of the death of Malcolm Young, beloved husband, father, grandfather and brother,” his family said. For more than four decades, Young provided…

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Snap Is Looking a Lot Like Twitter After Another Earnings Miss

Snap Inc. went to great disappointing revenue and user growth, in its third-quarter results. Chief Executive Officer Evan Spiegel even highlighted that Snapchat isn’t easy enough for many to use, echoing similar complaints about Twitter. Snap’s surprise disclosure Wednesday morning that Tencent Holdings, China’s biggest instant messaging company, had analysts cut their ratings. Snap has now fallen 25 percent since its March IPO, bringing its market capitalization to within $900 million of Twitter’s. Of course, Snap’s valuation is still richer. Twitter is projected to have about three times the revenue…

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Razer CEO to Become a Billionaire With Li Ka-shing Backing

After raising funds from Asia’s biggest investors, including Hong Kong tycoon Razer Inc. is turning to the market for an initial public offering that will make its co-founder Bloomberg Billionaires Index. Razer’s plan to list shares comes amid robust growth in the global gaming market, which is expected to reach $160 billion by 2021, a 52 percent jump from last year, according to data from Euromonitor. The company said in its

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