Debevoise & Plimpton LLP is advising Time Inc. in the company’s sale to Meredith Corporation. The transaction is valued at approximately $2.8 billion and is expected to close during the first quarter of 2018.

Time Inc. is a leading multi-platform consumer media company that engages over 230 million consumers globally every month. The Company's influential brands include PEOPLE, TIME, FORTUNE, SPORTS ILLUSTRATED, INSTYLE, REAL SIMPLE, SOUTHERN LIVING and TRAVEL + LEISURE, as well as approximately 60 diverse international brands. The transaction will create a diversified media and marketing company.

The Debevoise team is led by partners William D. Regner and Michael A. Diz and includes partners Lawrence K. Cagney, Jeffrey P. Cunard, Peter A. Furci, Gary W. Kubek and Scott B. Selinger; counsel Kyra K. Bromley; and associates Valerie A. Campbell, Joseph M. DiCioccio, Katherine E. Durnan, Simone S. Hicks, Andrew G. Jamieson, Samuel D. Krawiecz, Daniel Priest, Rebecca Quan and Wendy D. Widman.

Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. We deliver effective solutions to our clients’ most important legal challenges, applying clear commercial judgment and a distinctively collaborative approach.