January 3, 2018 / 7:01 PM / 6 months ago

BRIEF-Essence Ventures Announces Acquisition Of Essence Communications From Time

Jan 3 (Reuters) - Essence Ventures Llc:

* ESSENCE VENTURES ANNOUNCES ACQUISITION OF ESSENCE COMMUNICATIONS FROM TIME INC

* SAYS ‍TERMS OF TRANSACTION WERE NOT DISCLOSED

* SAYS EXECUTIVE TEAM OF ESSENCE WILL HAVE AN EQUITY STAKE IN TIME’S ESSENCE COMMUNICATIONS BUSINESS

* SAYS ESSENCE PRESIDENT MICHELLE EBANKS WILL CONTINUE AT HELM OF COMPANY AND WILL ALSO JOIN ITS BOARD OF DIRECTORS​ Source text for Eikon: Further company coverage:

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