Nexstar to Acquire TEGNA in $6.2 Billion Deal, Creating Local Media Powerhouse
Nexstar to Acquire TEGNA in $6.2 Billion Deal, Creating Local Media Powerhouse IRVING, Texas and TYSONS, Virginia – Nexstar Media Group, Inc. (Nasdaq: NXST) and TEGNA Inc. (NYSE: TEGNA) announced yesterday, August 19, 2025, that they have entered into a definitive agreement for Nexstar to acquire all outstanding shares of TEGNA. The cash transaction is valued at approximately $6.2 billion, inclusive of TEGNA’s net debt and estimated transaction fees. The acquisition price of $22.00 per share represents a substantial 31%…