Nexstar Acquires The Hill for $130 Million

Nexstar Media Group Acquires TEGNA for $6.2 Billion

August 19, 2025

Media & Entertainment

Nexstar Media Group entered into a definitive agreement to acquire all outstanding shares of TEGNA Inc. for $22.00 per share in a cash transaction valued at approximately $6.2 billion, including TEGNA’s net debt and estimated fees. The deal is expected to close in the second half of 2026 (later confirmed closed in March 2026 after FCC and DOJ approvals), creating a larger local broadcast and digital news operator.

Nexstar Acquires BestReviews from Tribune Publishing

December 16, 2020

Media & Entertainment

Nexstar Inc., a subsidiary of Nexstar Media Group, agreed to acquire BestReviews LLC from Tribune Publishing Company and BR Holding Company, Inc. for $160 million in cash. Tribune owned 60% and the founders (BR Holding) owned 40%; the deal strengthens Nexstar's digital content and commerce capabilities and is expected to close following customary approvals.

Great Hill Partners Acquires Storyblocks

June 25, 2020

Media & Entertainment

Storyblocks, a subscription-based stock media company, entered into an agreement to be acquired by Great Hill Partners, a growth-oriented private equity firm. The deal is intended to help Storyblocks modernize the creative process, expand its content library, and add new tools as demand for flexible video creation accelerates.

Blackhawk Network Acquires CashStar for $175 Million

August 31, 2017

Payments & Fintech

Blackhawk Network Inc. acquired CashStar Inc., a Portland-based provider of gift card commerce solutions, for approximately $175 million in cash. The deal strengthens Blackhawk's position in the first-party digital gift card market and is expected to be earnings neutral in fiscal 2017 and accretive in 2018 after synergies.

HubSpot Acquires The Hustle

February 3, 2021

Media & Entertainment

HubSpot has signed an agreement to acquire The Hustle, a digital media company known for its daily newsletter, podcast and premium research subscription. The acquisition expands HubSpot's content and audience capabilities to better serve entrepreneurs and scaling companies across newsletters, podcasts and research offerings.

Great Hill Partners Acquires Majority Stake in notonthehighstreet

February 9, 2021

E-Commerce

Boston-based growth equity firm Great Hill Partners has acquired a majority stake in UK curated online marketplace notonthehighstreet, with existing investors Burda Principal Investments and Industry Ventures remaining as shareholders. The investment will support the company’s rapid growth by expanding its marketplace reach, accelerating its tech and product roadmap, and developing new product categories and discovery capabilities for customers and small-business partners.