New York Times in exclusive negotiations to acquire Letterboxd for $330 million
Summary of 3 reports
The New York Times Company is in exclusive negotiations to acquire Letterboxd, a social network for film enthusiasts, for approximately $330 million. The reported price represents more than 20 times Letterboxd's projected 2026 earnings of about $15 million, according to reports from The New York Times.
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Letterboxd in Negotiations to Be Acquired by New York Times Company (opens Variety in a new tab)
The New York Times Company is in exclusive negotiations to acquire the online movie buff community Letterboxd, the Times reported Thursday. The price is reported to be about $330 million, which amounts to more than 20 times Letterboxd’s projected earnings for…
The New York Times is in talks to buy Letterboxd for around $330 million (opens The Verge in a new tab)
Letterboxd’s homepage. The New York Times Company is in talks"exclusive negotations" to acquire Letterboxd, the social network for film lovers, for around $330 million, The New York Times reports. The Times Company, Sony Pictures Entertainment, and A24 were…
The New York Times reportedly in talks to buy Letterboxd for $330 million (opens TechCrunch in a new tab)
Letterboxd, an online platform for movie lovers, has grown dramatically in recent years.
