Nexstar Tegna deal 2025
Signage is displayed outside Tegna Inc. headquarters in McLean, Virginia, on Friday, March 13, 2020.
Andrew Harrer | Bloomberg | Getty Photos
Television broadcaster Nexstar Media has agreed to procure smaller rival Tegna for $3.54 billion, the firms mentioned on Tuesday.
Nexstar Tegna deal 2025
The offer price of $22, in line with the share, represents a best magnificence of nearly 44% to Tegna’s remaining price on Aug. 8, previous to critiques of a deal emerging. The deal is valued at $6.2 billion, along with debt.
Shares of Tegna had been up 2.2% in premarket trading and were trading at $20.48, after having risen more than 20% this month on expectations of a takeover.
The deal marks, however, another notable step throughout the ongoing consolidation of the U.S. television industry, as typical cable TV adapts to transferring shopper behavior driven by way of cord-cutting and the quick growth of streaming.
Dealmaking has moreover heated up amid expectations of looser rules under U.S. President Donald Trump’s control.
The deal, which is expected to close by way of the second a part of 2026, is expected to boost Nexstar’s success by way of expanding its presence in key markets such as Atlanta, Phoenix, and Seattle.
Nexstar mentioned it used to be as soon as expecting to generate annual web financial savings of about $300 million from the deal.
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Nexstar Tegna deal 2025
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