New York Times Company reportedly in exclusive talks to buy Letterboxd
Business · First reported 5 Nov, 23:45 · Updated 00:19
The New York Times Company is reportedly negotiating to acquire Letterboxd for about $330 million. Reports also describe the platform’s user growth and possible interest from other buyers.
- The New York Times Company is reportedly in exclusive negotiations to acquire Letterboxd for around $330 million.
- Letterboxd is a social platform for film lovers; one report says its user count rose from 3 million in January 2021 to 28 million by April of this year.
- The report says Sony and A24 were interested in the acquisition, with A24 priced out; the Times Company declined to comment to its own paper.
Summary written by Lux AI from 2 articles
Key facts
- Reported offer
- Around $330 million.
- Reported user count
- 28 million by April of this year, compared with 3 million in January 2021.
- Projected earnings
- $15 million for this year, according to TechCrunch.
- Other interested parties
- Sony and A24; TechCrunch reports A24 was priced out.
Source spectrum
Far left
Left
Lean left
Centre
Lean right
Right
Far right
Left 2 · Centre 0 · Right 0 of 2 rated sources
All coverage
Coverage over time
LeftCentreRight
Articles per hour since first reported, by side.
Ownership
- Corporation 100% (2)
Share of the 2 sources by owner type.