Time Inc. said to move closer to sale that could value it at more than $20 a share

Time Inc. said to move closer to sale that could value it at more than $20 a share

Time Inc. CEO Joe Ripp (2nd L) claps after ringing the bell to open trading at the New York Stock Exchange in New York June 9, 2014. REUTERS/Carlo Allegri

Time Inc. is moving closer to a sale that could value the magazine publisher at more than $20 a share, according to people familiar with the process.

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