Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

According to WSJ, TEGNA (TGNA) approached by Apollo Global Management (APO)

  • August 19, 2019


StockTEGNA Inc.SymbolTGNA
Date Announced08/16/2019Source Wall Street Journal
TypeNews Report

Apollo Global Management LLC (APO) has approached broadcasting company Tegna Inc. (TGNA) about a deal as the private-equity firm looks to bulk up its ownership of television stations, according to people familiar with the matter.


January 21, 2020: Another large investor in Tegna Inc (TGNA) wants the U.S. regional TV station operator to pursue a merger or sale, arguing a tie-up could be very valuable at a time the industry is facing a wave of consolidation, two people familiar with the matter said.

March 06, 2020: U.S. regional TV station operator Gray Television Inc (GTN) has made an offer to acquire larger peer Tegna Inc (TGNA) for approximately $8.5 billion, including debt, people familiar with the matter said

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.