Statement Confirms IPC Takeover Talks

Cinven have issued a statement that it and IPC Media are in discussions with Time Inc. about the possible sale of the company.

The statement follows press speculation that AOL Time Warner is about to seal a takeover deal for UK magazine publishing group.

This morning’s Financial Times claims that the two groups are now negotiating a price for IPC, which is expected to be in the region of £1.2 billion.

IPC Media: 0870 4445000 www.ipc.co.uk

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