Block, Inc. shares fall 4.38% intraday amid Gray Media's acquisition of Block Communications TV stations.
ByAinvest
Friday, Aug 1, 2025 1:32 pm ET1min read
XYZ--
Block, Inc. declined 4.38% in intraday trading, with the recent news of Gray Media acquiring Block Communications TV stations for $80 million. This acquisition is expected to strengthen Gray Media's presence in the Midwest, which could potentially impact Block, Inc.'s stock performance negatively.
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