Cable TV company () Friday said it was buying 12 TV networks in Norway, Sweden,?Denmark and Finland in a deal worth around $1.7 billion.
The deal with German TV company ProSiebenSat.1 Group for its SBS Nordic operations expands its presence in the Nordic?markets.?
It also boosts its brand portfolio by adding general entertainment, scripted and sports programming to its lineup of services for?the first time. The acquisition also includes SBS Nordic?s 19 radio stations and other assets.
"SBS Nordic has a fully distributed portfolio of dual revenue stream networks with a terrific management team that will expand Discovery's footprint across the Nordic region, which includes some of the most well-penetrated and stable TV markets in the world," said president and CEO David Zaslav.?
"Individually, and taken together, the acquisition of SBS Nordic, our pending strategic partnership with TF1 through the acquisition of a minority stake in Eurosport, and the increase in our share repurchase program are all complementary to our long-term growth strategy of delivering sustained operating results, creating strong organic growth through investment in content, brands and talent, and returning capital to shareholders."
The deal is subject to regulatory review and is expected to close in early 2013.
Discovery also says that its board also approved a $1 billion increase to its existing stock repurchase program.
king arthur there will be blood there will be blood nigel barker 420 secret service fenway park
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.