Discovery buying Scripps Networks in $14.6B deal
 

http://img-s-msn-com.akamaized.net/t...6&q=60&o=f&l=fSILVER 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 per cent premium to Scripps' Friday closing price of $86.91. The buyout is targeted to close by early next year.

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