Business3 sources
The New York Times Company is reportedly trying to buy Letterboxd for $330 million
Engadget · By Steve Dent ·
The Brief
- The New York Times Company is reportedly in exclusive talks to acquire Letterboxd, the film social network.
- The reported price is around $330 million, according to The New York Times' own report.
- The New York Times Company declined to comment on the report; no deal has been announced.
Why it matters
If completed, a major news publisher would own a large film-focused social platform, which could change Letterboxd's direction and its developer-facing services. For now, the deal is unconfirmed.
- #letterboxd
- #new-york-times
- #acquisition
- #social-media
- #film
The New York Times Company declined to comment on The New York Times' story.
Timeline
The New York Times reported that the company is in exclusive talks to buy Letterboxd for about $330 million
Tech | The Verge
The New York Times is in talks to buy Letterboxd for around $330 million
TechCrunch
The New York Times reportedly in talks to buy Letterboxd for $330 million
Engadget - Technology News & Expert Reviews
The New York Times Company is reportedly trying to buy Letterboxd for $330 million