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Nexstar to buy Tribune Media in $6.4 bln deal

Reuters 

(Reuters) - Media Group Inc said on Monday it agreed to buy Company in a deal valued at $6.4 billion.

said it would pay $46.50 per share, representing a premium of 15.5 percent to Tribune Media's closing price on Friday.

The price per share value of the deal was in line with what reported on Sunday, citing people familiar with the matter.

(Reporting by in Bengaluru)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 03 2018. 17:50 IST
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