Time Inc. buys mobile and digital family organizing tool maker Cozi Time Inc. announced that it has acquired Cozi Inc., a technology company with a portfolio of mobile and digital family organizing tools. Terms were not disclosed. The company has more than 10M users who manage day-to-day family activities with Coziís suite of products, Time Inc. said.
Citi sees much less probability of Meredith acquiring Time Citi analyst Jason Bazinet reduced his probability of Meredith (MDP) acquiring Time (TIME) to 20% from 65%. Time's moves to cut costs and monetize assets bring less opportunity for Meredith to create value, the analyst tells investors in a research note. He lowered his price target for Buy-rated Time to $29 from $30 and Neutral-rated Meredith to $47 from $57. Bazinet still believes Time is an attractive investment as a standalone company.