A possible sale of Time Inc is getting closer as the mass media company has asked all interested parties to submit their offers by next week. This means Time Inc could possibly have new owners before summer. According to Bloomberg five companies are interested in buying the whole company, but the board wants to see how they can best achieve maximum value. This means depending on how the interested parties value the company, Time Inc's board would be open to selling it off magazine by magazine. This contradicts earlier reports that claimed the board told suitors not to break up the company. But if the company is sold whole, then the new owners would be free to do what they please. Another part of this story we shouldn't forget is that, Time Inc's board could look at all the offers and decide not to sell, allowing CEO Rich Battista who has only been running the show for a 6 months a chance to turn things around. Yes this is possible, even if a good offer lands on the boardroom table. However, ignoring an offer that's well above the value of the company wouldn't go down well with shareholders, especially after going through this process.
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