Salem Media agrees to a $1-per-share buyout by WaterStone, valuing the company at approximately $27 million.
Salem Media announced it will be taken private by WaterStone, a move structured as a $1.00-per-share acquisition. The deal covers all outstanding shares of the media company, which currently trades on the OTCQX under the ticker SALM.
The offer price reflects a modest premium to Salem Media’s recent trading levels, though shares have faced pressure amid broader sector challenges. The company, known for its Christian and conservative-focused content, has not disclosed a definitive valuation but the per-share price implies a total deal size near $27 million.
No immediate market reaction was detailed in the announcement, though such transactions typically result in delisting following shareholder approval.