New York Times Company in advanced talks to acquire Letterboxd

The New York Times Company has entered exclusive negotiations to acquire Letterboxd, an online community for cinephiles, according to two people familiar with the discussions who spoke on the condition of anonymity because the talks are confidential.

The price under consideration is roughly $330 million, the people said. That would be more than 20 times its projected earnings this year of roughly $15 million. A deal has not yet been reached, and talks could still fall apart.

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