Discovery, Liberty Global buy All3media

Friday 9 May 2014 | 09:27 CET | News
Discovery Communications and Liberty Global have formed a 50:50 joint venture to acquire All3Media from its founders and Permira for an enterprise value of GBP 550 million. The amount represents a EBITDA multiple of around 8.5 times. The acquisition will be funded through a combination of equity and new non-recourse credit facilities raised at All3Media, with Discovery Communications and Liberty Global each paying around GBP 90 million in cash. Under the terms of the joint venture agreement, the companies will not consolidate the All3Media group into their financial statements. The group will

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Categories: Broadcast & Satellite / Broadcast & Satellite
Companies: Discovery Communications / Liberty / Liberty Global
Countries: World
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