The $6.2B deal that could reshape local TV in Indianapolis and across America
TV watchers in Indianapolis might soon flip through the local news channels and find three of them owned and their broadcasts produced by the same company.
Mergers & Acquisitions
Articles
Lowe’s intensifies focus on professional builders with $8.8B acquisition
Lowe’s is buying Foundation Building Materials, a distributor of drywall, insulation, metal framing, ceiling systems, commercial doors and other products that serve large residential and commercial professionals.
Nexstar Media buying Tegna in $6.2B deal involving major owners of TV stations
Nexstar is the parent of Indianapolis Fox affiliate WXIN-TV Channel 59 and CBS affiliate WTTV-TV Channel 4. Tegna is owner of Indianapolis NBC affiliate WTHR-TV Channel 13.
MSNBC to change name as part of corporate divorce from NBC
The name change was ordered by NBC Universal, which last November spun off cable networks USA, CNBC, MSNBC, E! Entertainment, Oxygen and the Golf Channel into its own company, called Versant.
Taft announces merger, boosting presence in Atlanta, Washington, D.C., markets
The merger adds more than 100 lawyers to the Taft team, which will soon have more than 1,200 attorneys in 25 offices nationwide.
Indy Ignite part of new professional women’s volleyball league after merger
The merger between the Pro Volleyball Federation and start-up Major League Volleyball, announced Tuesday morning, will create one unified professional women’s volleyball league that will play under the MLV name.
Illinois-based trash collector acquires Indianapolis company ahead of 2026 city contract
Approximately 60 employees from the locally owned and operated company will join Lakeshore Recycling Systems as part of the deal, officials said.
Engineering firm Egis Group merging with Chicago-based company
A construction services firm with its North American headquarters in Indianapolis is joining forces with another firm to expand its reach.
Scale Computing acquired by Texas-based software company
Prior to the acquisition, Scale, founded in 2007, operated in the realm of what’s known as edge computing, a growing trend in the tech world.
Accounting firm KSM acquiring Chicago-area firm
MichaelSilver’s team of 60 accounting professionals and 14 partners will join Katz, Sapper & Miller.
FCC approves $8B Paramount-Skydance merger after lengthy review
The approval ends a more than 250-day-long review process marked by controversy and accusations of inappropriate political pressure.
Goodwill of Central & Southern Indiana, Horizon House announce merger
Both Indianapolis nonprofits share the similar mission of helping people who face barriers to becoming economically self-sufficient.
Walgreens shareholders approve $10B private equity buyout
The buyout, which will take the drugstore chain private for the first time in nearly a century, will give it more flexibility to make changes to improve its business without worrying about Wall Street’s reaction.
Nippon Steel looking to double its steel output in United States within 5 years
At U.S. Steel, Nippon Steel plans to invest $11 billion by 2028 to upgrade aging production facilities. The plan includes at least $3.1 billion in investments for the Gary Works mill in Indiana.
Indiana reaches consumer-protections agreement with 23andMe buyer
Among the conditions agreed to by the buyer is a promise not to transfer any user genetic data to a third party.
Nippon Steel finalizes $15B takeover of U.S. Steel after sealing national security pact
The combined company will become the world’s fourth-largest steelmaker, and bring what analysts say is Nippon Steel’s top-notch technology to U.S. Steel’s antiquated steelmaking processes.
Trump says he’ll probably extend deadline for TikTok’s Chinese owner to sell app
President Trump said he thinks China President Xi Jinping would “ultimately approve” a deal to divest TikTok’s business in the United States.
Trump administration offers some details of how it would control U.S. Steel, but union raises concerns
President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of what the White House calls an “investment” being made by Japan-based Nippon Steel in the iconic American steelmaker.
Trump clears path for Nippon Steel investment in U.S. Steel, so long as it fits the government’s terms
The iconic American steelmaker and Nippon Steel said in a joint statement that the agreement stipulates that approximately $11 billion in new investments will be made by 2028.
Noblesville-based Telemetry Sports acquired by North Carolina-based sports tech firm
Telemetry provides artificial intelligence, video and tracking analytics to help football programs with player evaluation, scouting, recruiting and planning. It’s used by 25 NFL teams.