The New York Times has announced an agreement to acquire Letterboxd, the film-logging social media platform, in a deal that values the company at $330 million.
The transaction follows several months of business talks and speculation about new ownership for Letterboxd, according to the source reporting the agreement.
The source did not name advisers, set out a financing structure or give a closing date. It also did not state how the companies would be combined or what either side expects the acquisition to achieve.