financetom
Business
financetom
/
Business
/
Nexstar's $3.5 billion Tegna deal cleared by US DOJ, Bloomberg News reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nexstar's $3.5 billion Tegna deal cleared by US DOJ, Bloomberg News reports
Mar 19, 2026 4:09 PM

March 19 (Reuters) - The U.S. Department of Justice has unconditionally cleared Nexstar's $3.5 billion deal to acquire rival Tegna ( TGNA ), Bloomberg News reported on Thursday, citing people familiar with the matter.

The report comes a day after a group of eight states filed a suit in the U.S. District Court in Sacramento, California, to block the merger that would make the combined entity the largest U.S. broadcast station group.

Streaming and satellite TV provider DirecTV also filed a separate suit, seeking to prevent the deal, late on Wednesday.

The Justice Department has granted the companies what is known as early termination, meaning it has closed its review of the deal, the Bloomberg report said.

Acquiring Tegna ( TGNA ) would expand Nexstar's presence covering 80% of TV households across key geographies and would require the Federal Communications Commission to lift the cap on station ownership.

Nexstar, Tegna ( TGNA ) and the DOJ did not immediately respond to Reuters' requests for comment.

Last month, FCC Chair Brendan Carr said he supported the deal and would be moving forward to approve it after President Donald Trump publicly backed the merger.

The DOJ initiated an in-depth probe into the acquisition last year.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Backcast Partners Supports the Acquisition of Busmax
Backcast Partners Supports the Acquisition of Busmax
Sep 23, 2025
NEW YORK, Sept. 23, 2025 /PRNewswire/ -- Backcast Partners (Backcast), a leading provider of debt and equity capital for middle-market companies, is pleased to announce its most recent investment supporting the acquisition of Nomlas Ventures Inc. (Busmax or the Company) by Seneca Partners (Seneca), a leading independent financial sponsor. Backcast structured and agented Busmax's senior secured debt with warrants. Established...
Axon to acquire AI-powered 911 communications company Prepared, strengthening the public safety ecosystem from call to closure
Axon to acquire AI-powered 911 communications company Prepared, strengthening the public safety ecosystem from call to closure
Sep 23, 2025
SCOTTSDALE, Ariz., Sept. 23, 2025 /PRNewswire/ -- Axon , the global public safety technology leader, today announced it has entered into a definitive agreement to acquire Prepared, an AI-powered emergency communications platform that turns 911 calls into actionable intelligence and enables faster response. Prepared's technology synthesizes call audio, text, video, GPS and real-time translation into a single view, supporting more...
Semnur Pharmaceuticals, Inc. (“Semnur”), a Majority Owned Subsidiary of Scilex Holding Company Announces Signing of a Securities Purchase Agreement with an Institutional Investor for the Purchase of $
Semnur Pharmaceuticals, Inc. (“Semnur”), a Majority Owned Subsidiary of Scilex Holding Company Announces Signing of a Securities Purchase Agreement with an Institutional Investor for the Purchase of $
Sep 23, 2025
PALO ALTO, Calif., Sept. 23, 2025 (GLOBE NEWSWIRE) -- Semnur Pharmaceuticals, Inc. (“Semnur” or the “Company”) (OTC: SMNR, SMNRW) , a clinical late-stage specialty pharmaceutical company focused on the development and commercialization of novel non-opioid pain therapies, today announced that it has entered into a Securities Purchase Agreement (“SPA”) with the institutional investor for the purchase of $100 million of...
Exclusive-Exxon signs initial agreement with Rosneft to chart possible path to recoup Russian losses, sources say
Exclusive-Exxon signs initial agreement with Rosneft to chart possible path to recoup Russian losses, sources say
Sep 23, 2025
(Reuters) -U.S. oil major Exxon Mobil ( XOM ) and Russian state-run energy giant Rosneft have signed a non-binding initial agreement to help Exxon recoup a $4.6 billion write-down it made on its activities in Russia in 2022 following Moscow's invasion of Ukraine, according to two sources familiar with the talks. The agreement marks a tentative step toward repairing commercial...
Copyright 2023-2026 - www.financetom.com All Rights Reserved