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According to Bloomberg, Tribune Media Company (TRCO) approached by Sinclair Broadcast Group (SBGI)

  • April 20, 2017

Sinclair Broadcast Group Inc. (SBGI) is aiming to acquire Tribune Media Co., (TRCO) owner of TV stations in big media markets including New York, Chicago and Miami, for a per-share price in the high $30s, according to people familiar with the matter.

Update(s):

May 01, 2017: 21st Century Fox Inc., the media conglomerate controlled by Rupert Murdoch, is teaming with Blackstone Group LP to make an offer to acquire TV-station owner Tribune Media Co., rivaling a planned bid by Sinclair Broadcast Group Inc., people familiar with the situation said.

May 08, 2017: TV station giant Sinclair Broadcast Group Inc. (SBGI) is close to a deal to acquire Tribune Media Co. (TRCO) for close to $4 billion, a person familiar with the matter said.

May 08, 2017: Sinclair Broadcast Group, Inc.(SBGI) and Tribune Media Company (TRCO) today announced that they have entered into a definitive agreement under which Sinclair will acquire 100% of the issued and outstanding shares of Tribune for $43.50 per share, for an aggregate purchase price of approximately $3.9 billion, plus the assumption of approximately $2.7 billion in net debt.