Hashtag Archive: #DISCOVERY COMMUNICATIONS

DISCOVERY COMMUNICATIONS TO ACQUIRE SCRIPPS NETWORKS INTERACTIVE FOR $14.6 BILLION

Discovery Communications, Inc. and Scripps Networks Interactive, Inc. today announced that they have signed a definitive agreement for Discovery to acquire Scripps in a cash-and-stock transaction valued at $14.6 billion, 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 …

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