Update June 23: MLSO and Sequential Brands reached a deal for $353 million. In a statement Monday, Stewart called the deal with Sequential a "transformational merger." Stewart will remain as chief creative officer and will be nominated for the board, and she'll be a "significant" stockholder.
June 19: Martha Stewart Living Omnimedia is in talks to sell itself to Sequential Brands, a company that buys brands and licenses them to manufacturers and retailers. A deal has not yet been reached.