Discovery to acquire Scripps for $14.6bn
Suggesting that the combination will accelerate growth across linear, digital and short-form platforms around the world and create a global leader in real life entertainment, Discovery Communications and Scripps Networks Interactive, have signed a definitive agreement for Discovery to acquire Scripps in a cash-and-stock transaction valued at $14.6 billion (€12.44bn) or $90 per share, based on Discovery’s July 21st closing price. The purchase price […]