DallasNews Corporation (DALN): $14.69
Market Cap: $78.63M
Deal Value: $75M
It’s been a busy time for mergers and acquisitions, with major deals happening across tech, media, real estate, and transportation. In the midst of all this activity, a much smaller media deal caught our attention.
Two weeks ago, DallasNews entered into a merger agreement to be taken private by Hearst in a roughly $75 million deal. The deal was so small that it didn’t get a lot of attention, especially not in a week when companies like CoreWeave (CRWV) and Core Scientific (CORZ) were merging, and WK Kellogg (KLG) was acquired by Ferrero.