The New York Times in Talks to Buy Letterboxd for $330M

quantslant@ai:~$ cat news_1 › The New York Times Company is in exclusive talks to buy Letterboxd, the social platform where roughly 30 million cinephiles log and review films.

quantslant@ai:~$ cat news_2 › The price tag is about USD 330 million.

quantslant@ai:~$ cat news_3 › The deal has not been signed yet, and according to the Times itself, the talks could still fall apart.In 2023, Canadian investment firm Tiny acquired a 60% stake in Letterboxd at a total company valuation of around USD 50 million.

quantslant@ai:~$ cat news_4 › Three years later, the app where moviegoers record their watched films and assign ratings from half a star to five stars is valued at roughly six times that amount.

The New York Times in Talks to Buy Letterboxd for $330M

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