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As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

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As AI slashes white-collar jobs, Salesforce CEO Marc Benioff says almost no one is being hired—except in sales

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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

1

As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

2

As AI slashes white-collar jobs, Salesforce CEO Marc Benioff says almost no one is being hired—except in sales

3

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Finance

Discovery Buying Scripps Networks in $14.6 Billion Deal

By
The Associated Press
The Associated Press and
Alex Fitzpatrick
Alex Fitzpatrick
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By
The Associated Press
The Associated Press and
Alex Fitzpatrick
Alex Fitzpatrick
Down Arrow Button Icon
July 31, 2017, 7:28 AM ET
Views Of The Discovery Communications Inc. Headquarters During Talks To Combine WithScripps Networks
Signage is displayed on the exterior of Discovery Communications Inc. headquarters in Silver Spring, Maryland, U.S., on Thursday, July 20, 2017. Discovery, whose networks include the Discovery Channel, and Viacom Inc. are in talks to combine with Scripps Networks Interactive Inc., owner of HGTV and the Food Network, according to people with knowledge of the matter. Photographer: Andrew Harrer/Bloomberg via Getty ImagesBloomberg Bloomberg via Getty Images

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.

About the Authors
By The Associated Press
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