New York Times Company in Talks to Acquire Film Social Network Letterboxd

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The New York Times Company is reportedly in exclusive negotiations to buy Letterboxd, a social network for film enthusiasts, for roughly $330 million. Sony Pictures Entertainment and A24 were previously rumored to be interested in the platform as well. Under the discussed terms, Letterboxd's co-founders could remain in charge but would report to a Times Company executive. According to the Times, Letterboxd would likely continue operating as a standalone service for the foreseeable future, while integrating the Times Company's advertising technology.

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New York Times Reportedly in Talks to Acquire Letterboxd for $330 Million

The New York Times is reportedly negotiating to buy Letterboxd, the online platform where movie enthusiasts log and review films. The reported price tag is about $330 million. Letterboxd has expanded considerably in recent years, drawing a large community of film lovers. The source material available is limited, so the report's details beyond the deal size and parties involved remain unconfirmed. Further details on the deal's status and terms have not been provided.

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