Time Inc. has reportedly hired bankers to help field takeover offers -- and the stock is up 4%

Time Inc has hired Morgan Stanley and Bank of America to help it deal with takeover offers, CNBC reports, citing Dow Jones.

The stock jumped nearly 7% on the news.

Time Inc was reportedly approached by the billionaire investor Edgar Bronfman Jr. in November but rejected the takeover offer.

More to come…

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