IAC-backed Dotdash completed the acquisition of the digital and magazine businesses and corporate operations of Meredith for $2.7bn.

IAC-backed Dotdash, a provider of an online content website which provides information on a range of topics, completed the acquisition of the digital and magazine businesses and corporate operations of Meredith, a diversified media company primarily focuses on publishing and broadcasting, for $2.7bn. “When we look at Meredith, we see a business that is driven by digital. We see a collection of iconic and venerated brands rich with heritage, leaders in their categories, and similar focus on editorial excellence. We see unprecedented reach to women and a print business that provides longstanding value to readers and advertisers which we view as a strong platform to reach and engage consumers. The opportunities are limitless. Meredith can step into its digital future and together we can define our next chapter as Dotdash Meredith," Neil Vogel, Dotdash CEO. On November 15, 2021, Meredith announced the waiting period of Dotdash's acquisition expired on November 12, 2021.