New York Times Buys Wordle – Bolsters Gaming Portfolio
In January 2022, NYT announced it had acquired Wordle, a trendy daily word game that has been the talk of social media for the past month. While the price was not disclosed, the NYT stated the transaction was in the low seven figures. While many consumers were worried that the game would be locked behind a paywall, the NYT assured fans that it would still be free to play. This acquisition is another step in NYT’s bolstering of its game portfolio in order to reach its goal of ten million subscribers by 2025.
Balance Sheet|New Activity|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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