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Discovery buys Scripps Networks for USD 14.6 billion

Tuesday 1 August 2017 | 09:29 CET | News

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Discovery Communications has agreed to buy Scripps Networks Interactive for USD 14.6 billion, creating a new leader in the cable channels market. The offer of USD 90 per share is a premium of 34 percent on Scripps' share price on 21 July, before the first reports of a deal emerged. The takeover is expected to close by early 2018.

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Categories: Broadcast & Satellite
Companies: Discovery Communications / Scripps Networks Interactive
Countries: United States / World
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