NEW YORK: Licensing company Authentic Brands Group LLC has emerged as a leading contender to buy Sports Illustrated from Meredith Corp., the Wall Street Journal reports.
The price is about $110 million, WSJ quotes people familiar with the matter as having said, but would not inclde the FanSided website network.
Authentic Brands - home of such brands as Nautica and Juicy Couture - has come front and centre as the lead suitor in the bidding for the iconic magazine after American private equity firm TPG Capital reportedly dropped out of the race.
