When the Courthouse Becomes a Dead End for Deals

A U.S. District Court recently issued a preliminary injunction that blocked the $6.2 billion merger of Nexstar Media Group and Tegna after the deal had cleared the approval process at both the FCC and the Department of Justice. The injunction came at the request of eight state Attorneys General and DirecTV, which filed suit to stop a transaction that federal regulators had already vetted and approved.

 

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