Following a report in the Wall Street Journal this morning, speculation is rife that IPC may be in talks with AOL Time Warner regarding a possible buy out. Although IPC Media has repeatedly denied that it is up for sale, chief executive Sly Bailey recently acknowledged the possibility of a sale or flotation “within the next 12 to 18 months”.
Figures quoted range from £850 million to £1.1 billion depending on how the company is valued and this is thought to be the sticking point in negotiations.