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Discovery Communications and Liberty Global to acquire ALL3MEDIA

Thursday, 8 May 2014 01:39pm EDT 

Discovery Communications Inc:Says the company and Liberty Global announced an agreement to form a 50:50 joint venture to acquire All3Media, a international producer and distributor of TV programming, from its founders and the Permira funds.All3Media group will continue to operate under its own name with its own executive management team, and its existing creative operating model as a standalone, independently managed entity.Joint venture will acquire All3Media at an enterprise value of 550 million pounds.Transaction is expected to close in the third quarter. 

Company Quote

30 Nov 2015