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Nexstar to buy Tribune Media in $6.4 bn deal

Tuesday, December 4, 2018, 9:27 AM

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% 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.