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Discovery Communications Inc To Acquire SBS Nordic Operations Of ProSiebenSat.1 Group


Friday, 14 Dec 2012 07:12am EST 

Discovery Communications Inc announced a definitive agreement with ProSiebenSat.1 Group to purchase the company's SBS Nordic operations for a total enterprise value of approximately $1.7 billion (EUR1.325 billion). The acquisition of SBS Nordic includes 12 television networks in Norway, Sweden, Denmark and Finland, among other assets, and further solidifies Discovery's long-term growth in the strong Nordic TV markets. The transaction is expected to close in early 2013. Citigroup acted as financial advisor to Discovery Communications on this transaction. DLA Piper served as legal advisors. 

Company Quote

78.59
0.65 +0.83%
11 Jul 2014