Discovery Buying Scripps Networks in $14.6 Billion Deal
Mon Jul 31 2017
Julie Young (531 articles)

Discovery Buying Scripps Networks in $14.6 Billion Deal

SILVER SPRING, Md. — Discovery Communications is buying Scripps Networks Interactive Inc. in a cash-and-stock deal worth $ 14.6 billion.

The transaction is valued at $ 90 per share, about a 4 percent premium to Scripps’ Friday closing price of $ 86.91.

The buyout is targeted to close by early next year.

Julie Young

Julie Young

Julie Young is a Senior Market Reporter and Analyst. She has been covering stock markets for many years.

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