Announced
Financials
Sources
Tags
Acquisition
Single Bidder
lifestyle content
Media Agencies
Friendly
Private
Pending
digital media
United States
Synopsis
Discovery Communications Inc. and Scripps Networks Interactive, Inc. announced that they have signed a definitive agreement for Discovery to acquire Scripps in a cash-and-stock transaction valued at $14.6bn, or $90 per share, based on Discovery’s Friday, July 21 closing price. The purchase price represents a premium of 34% to Scripps’ unaffected share price as of Tuesday, July 18, 2017. The transaction is expected to close by early 2018.
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