DOJ Ends Review of Nexstar’s $3.5 Billion Tegna Acquisition; Legal Challenges Continue
On March 19 the U.S. Department of Justice granted early termination for Nexstar’s proposed $3.5 billion acquisition of Tegna, concluding its review of the transaction. The decision comes amid legal challenges from a coalition of eight states and a separate lawsuit from DirecTV, both seeking to block the merger that would create the largest U.S. br…