The New York Times to acquire The Athletic for $550m.

The New York Times to acquire The Athletic, a digital subscription-based sports media business, for $550m. The transaction is expected to close in the first quarter of 2022. “Acquiring The Athletic puts us in a position to be a global leader in sports journalism and offer English speakers around the world another reason to turn to the Times Company to meet their daily news and life needs. The Times already provides distinctive sports coverage for a general interest audience as part of our core report. As a stand-alone product, The Athletic will enable us to offer much more - extensive coverage for fans who seek a deep connection to and understanding of their favorite teams, leagues and players. With one of the largest dedicated teams of reporters covering sports globally and a commitment to everyday reporting, The Athletic is a great complement to The Times,” Meredith Kopit Levien, The New York Times President and CEO.