May 8 (Reuters) - Broadcaster Sinclair Broadcast Group Inc said on Monday it would buy Tribune Media Co for about $3.9 billion cash and stock and assume about $2.7 billion in debt.
The $43.50 per share offer represents a nearly 8 percent premium to Tribune’s Friday close.
Reuters reported on Sunday saying the companies were close to a deal.
The deal comes weeks after the U.S. Federal Communications Commission voted to reverse a 2016 decision that limited the number of television stations some broadcasters can buy. (Reporting by Rishika Sadam in Bengaluru; Editing by Saumyadeb Chakrabarty)