Sources: Gray Television in $8.5 Billion Bid to Acquire Tegna

Posted Friday, March 6, 2020 4:18 pm

Krystal Hu and Greg Roumeliotis | Reuters

U.S. regional TV station operator Gray Television Inc has made an offer to acquire larger peer Tegna Inc for approximately $8.5 billion, including debt, people familiar with the matter said on Friday.

A successful bid by Gray would significantly expand its footprint in several TV markets.

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Sources: Gray Television in $8.5 Billion Bid to Acquire Tegna

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