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Sports Illustrated sold for $US110m

Publisher Meredith Corp has sold for $US110 million ($A159 million) the intellectual property around the venerable sports-news outlet Sports Illustrated to Authentic Brands Group, the brand-development company that manages Nautica, and elements of the Muhammad Ali and Elvis Presley estates.

from Breaking News | Daily Telegraph http://bit.ly/2Wc6vG3
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