Tegna Receives Takeover Offers

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Byron Allan, Apollo Global and Standard General are interested according to reports

Tegna
(Image credit: Tegna)

 TYSONS, Va.—Tegna has announced that the company has received takeover offers and said it is reviewing them. 

“Tegna today confirmed the company has recently received acquisition proposals,” the company said in a September 21, statement. “Consistent with its fiduciary duty to Tegna shareholders, the Board will carefully review and evaluate these proposals.”

Various reports have said that Byron Allen, who made a $8.5 billion bid for Tegna in 2020, Apollo Global Management and Standard General are interested in the company. 

In 2020, Tegna received several takeover proposals but those were put on hold due to economic uncertainty during the pandemic. 

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George Winslow
George Winslow

George Winslow is the senior content producer for TV Tech. He has written about the television, media and technology industries for nearly 30 years for such publications as Broadcasting & Cable, Multichannel News and TV Tech. Over the years, he has edited a number of magazines, including Multichannel News International and World Screen, and moderated panels at such major industry events as NAB and MIP TV. He has published two books and dozens of encyclopedia articles on such subjects as the media, New York City history and economics.