The company said it had received indications of interest in an acquisition deal but no specific offers.
Lin currently owns seven stations; an acquisition deal is pending.
Two parties will jointly work on cross border mergers and acquisition deals.
The boards of both companies approved the acquisition deal, which had been expected for more than a week, on Sunday.
Investment banks advised companies on mergers and acquisition deals valued at $2.5 trillion, up by almost half from 1997.
As part of the acquisition deal, the three received Blockbuster stock valued at $66.4 million.
However, this acquisition deal wasn't completed either.
Washington Federal stocks dropped 5.9% on the announcement of this deal due to share holder expectations that a larger acquisition deal would have occurred.
AtomFilms issued an announcement of what it said was this year festival's first acquisition deal for a short film.
Since then, as numerous Indian acquisition deals have been announced, a sense of new nationalism has emerged.