Deals Rumor Mill: Nexstar, Qihoo, The Pentagon

By Benjamin Horney (December 23, 2015, 4:16 PM EST) -- Texas-based Nexstar Broadcasting Group Inc. plans to offer to buy Media General Inc. for about $17.50 per share, Reuters reported on Wednesday, in a deal that would be valued at more than $2 billion. Little other information was included in the report, except that nothing is set in stone. The report comes after Nexstar, with Kirkland & Ellis LLP at the helm, made a $4.1 billion offer for Media General in late September, slamming the broadcasting company not only for refusing its earlier pursuits but also for inking a tie-up with Meredith Corp. instead. Nexstar has been pursuing Media General since at least August, when a private offer it made was rejected....

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