Salem Media acquisition by WaterStone closes, company goes private at $1 per share - SALM News | RalliesSalem Media acquisition by WaterStone closes, company goes private at $1 per share
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SALM• WaterStone completes acquisition of Salem Media
- WaterStone completed its acquisition of Salem Media, taking the company private.
- WaterStone bought all outstanding common shares for USD 1 per share, a roughly 250% premium to the pre-announcement price.
- Salem will continue operating its radio, digital, streaming, podcasting, television, and publishing businesses under private ownership.
- The deal pairs Salem with WaterStone, positioning the media group for long-term investment while maintaining its Christian and conservative focus.
