Dotdash Meredith, owner of PEOPLE, Food & Wine, Travel + Leisure, Allrecipes and other brands, renamed itself People Inc.

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Parent company IAC announced it is renaming itself People Inc. and cutting corporate staff; Neil Vogel, CEO of the People division, becomes CEO of the whole company.

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IAC's Dotdash completed its acquisition of Meredith Holdings Corp., owner of PEOPLE, Better Homes & Gardens and Allrecipes, at $42.18 per share in cash, forming Dotdash Meredith.

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