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Nexstar to buy Tribune Media in $6.4 bln deal


(Reuters) - Nexstar Media Group Inc said on Monday it agreed to buy Tribune Media Company in a deal valued at $6.4 billion.Nexstar 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 Reuters reported on Sunday, citing people familiar with the matter. (Reporting by Arjun Panchadar in Bengaluru)(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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