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05/25/2021
A few weeks after interest was first reported, there’s another (stronger) report linking the New York Times and The Athletic in acquisition talks.
That’s from Sara Fischer at Axios, who reports that the move wouldn’t be a merger, but instead the Times would buy the entire company outright. Somewhat ironically, the Axios report includes mention that the Times moved to explore the acquisition after The Athletic and Axios backed away from their own talks earlier in May. When that happened, the Times was mentioned as a possible suitor, and a desirable one from The Athletic’s perspective.