- Nigeria’s top judge asset declaration trial postponed to Jan.22
- Sudan’s Bashir says protests will not lead to change in government
- UK’s May says fears about Northern Ireland Brexit backstop ‘unwarranted’
- MNG makes offer to buy USA Today publisher Gannett
- China's exports shrink most in 2 years, raising risks in global economy
The Wall Street Journal reported on the proposed deal on Sunday.
The reported price represents a 23 percent premium to Gannett’s $9.75 close on Friday.
Better known as Digital First Media — MNG Enterprises — which is backed by a New York-based hedge fund Alden Global Capital, has already built a 7.5 percent stake in Gannett and reportedly is planning to publicly push Gannett to sell itself.
This story is developing. Please check back for updates.
—CNBC contributed to this report.