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Apollo Global Management Inc. made an all-cash offer for Tegna Inc . On Friday that would value the TV-station owner at around $4.4 billion, according to people familiar with the matter. Apollo first contacted Tegna roughly a year ago and expressed interest in a deal, but that approach didn’t lead to detailed talks.
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Apollo offered Tegna $20 a share in cash after Gray offered $20 a share in cash, stock
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Ed Bott is an award-winning technology writer with more than two decades’ experience writing for mainstream media outlets and online publications. He has served as editor of the U.S. edition of PC Computing and managing editor of PC World; both publications axi broker review had monthly paid circulation in excess of 1 million during his tenure. He is the author of more than 25 books, including Windows 10 Inside Out and Windows 11 Inside Out . Jason Hiner is Editor in Chief of ZDNET and Vice President at Red Ventures.