Discovery to acquire 71% stake in Play Sport.

Discovery, a provider of real-life entertainment, completed the acquisition of a 71% stake in Play Sport, the digital sports media company. Financial terms were not disclosed. Discovery originally took a 20% stake in Play Sports Group in February 2017. This additional investment increases Discovery’s ownership of Play Sports Group, which will become a subsidiary of Discovery. “This is another important step in Discovery’s strategy of being the global leader in brands and products that power people’s passions. I couldn’t be more excited to partner with Simon, a fantastic entrepreneur, and his terrific team to help turbocharge the expansion and globalization of the Play Sports Group,” JB Perrette, Discovery President and CEO.