Question

    The Meredith Corporation recently acquired which of the

    following companies?
    A Unilever Correct Answer Incorrect Answer
    B Hudson’s Bay Co. Correct Answer Incorrect Answer
    C Time Inc Correct Answer Incorrect Answer
    D Qualcomm Correct Answer Incorrect Answer
    E Faber Correct Answer Incorrect Answer

    Solution

    The Meredith Corporation — the owner of Family Circle, Better Homes and Gardens and AllRecipes — agreed to purchase Time Inc. in an all-cash transaction valued at nearly $3 billion. The deal was made possible, in part, by an infusion of $650 million from the private equity arm of Charles G. and David H. Koch, the billionaire brothers known for using their wealth and political connections to advance conservative causes.

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