March 13, 2013 / 1:36 PM / in 5 years

Kroenke Sports to buy Outdoor Channel

March 13 (Reuters) - Cable network Outdoor Channel Holdings Inc said it will be bought by Kroenke Sports & Entertainment LLC for about $8.75 per share in cash, valuing the company at about $227 million.

Kroenke, the owner of the Denver Nuggets basketball team and Colorado Avalanche hockey team, outbid an $8 per share offer from InterMedia Outdoors Holdings LLC cable network.

Outdoor Channel shares were down nearly 2 percent at $8.68 on the Nasdaq in early trading. (Reporting by Supantha Mukherjee in Bangalore; Editing by Joyjeet Das)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below