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Discovery buys 12 TVs and more radios, in a transaction valued to USD 1.7BN



Discovery Communication acquired TVs and radio stations owned by ProSiebenSat.1 in the Nordic countries, in a transaction valued to USD 1.7BN, according to

The announcement comes just a day after the international press wrote about Discovery’s intention to buy 20% of Eurosport’s shares. Also, the company bought 20% of paid TVs owned by TF1.

Discovery Communication will take over from SBS Nordic 12 TV networks in Norway, Sweden, Denmark and Finland, with the transction due to be closed in the 1st part of 2013. ProSiebenSat.1 is present in Romani through SBS Broadcasting, owner of Prima TV, Kiss TV, Kiss FM, Magic FM and Rock FM.

Translation provided by AdHugger

Autor: Iulia Bunea

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