New York Times Company in talks to buy Letterboxd; reports cite roughly $330 million

The New York Times reported its parent company is close to buying the film-focused social platform Letterboxd. News outlets give differing prices for the proposed deal.

The New York Times reported that its parent company, The New York Times Company, is close to closing a deal to acquire Letterboxd, the social network for film fans.

Several news reports put the price at about $330 million. One outlet gave the figure as €300 million. One report also said the buyer outbid major studios and entertainment platforms and that the acquisition aims to broaden the paper’s digital offerings.

The New York Times’ own item described the company as nearing a deal; other outlets have reported the same development while giving different price figures. The claim that the Times beat studios and platforms, and that the purchase is intended to expand digital products, comes from a single report.

Key details remain unclear: the final, agreed price, whether the transaction has been signed, and any formal statements from Letterboxd or The New York Times Company beyond the reporting cited.