Discovery increases stake in OWN
Discovery Communications has completed an agreement with Oprah Winfrey’s Harpo to increase its ownership stake in its successful OWN: Oprah Winfrey Network joint venture. Under the terms of the transaction, Discovery paid $70 million (€59m) to acquire an additional 24.5 per cent stake in OWN from Harpo, Inc., after taking into account net debt at the network, […]