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.