Update: Market Chatter: New York Times Starts Exclusive Talks to Buy Letterboxd in $330 Million Deal

05:29 AM EST, 11/06/2026 (MT Newswires) -- (Updates to include a response from New York Times in the last paragraph.) New York Times (NYT) has started exclusive talks to acquire social network Letterboxd for about $330 million, The New York Times reported Thursday, citing sources familiar with the matter. The companies have discussed keeping Letterboxd co-founders Matthew Buchanan and Karl von Randow at the helm, one of the sources told the publication. New York Times declined to comment on the matter, while Letterboxd did not immediately respond to MT Newswires' request for a statement. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)