Kirkland & Ellis and Wiley Rein advised Nexstar Media Group in its acquisition of Tribune Media, a cash deal valued at $6.4 billion, the companies announced Dec. 3.
Debevoise & Plimpton and Covington & Burling represented Tribune in the transaction, which is expected to close late in the third quarter of 2019.
The deal will create the nation’s largest local television broadcaster and local media company, according to Nexstar.
Under the terms of the deal, Nexstar will acquire all outstanding shares of Tribune Media for $46.50 per share. Nexstar will also assume Tribune’s outstanding debt.
An attempted merger between ...
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