New Media to buy USA Today-owner Gannett in $1.4 bln deal
- Country:
- United States
New Media Investment Group said on Monday it will buy USA Today-owner Gannett Co, valuing the company at about $1.4 billion.
The cash-and-stock deal represents total consideration of $12.06 per Gannett share based on New Media's closing stock price as of Aug. 2, 2019.
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