Discovery Communications Inc agreed to purchase ProSiebenSat.1 Media AG's Nordic television channels for about $1.7 billion.The deal includes 12 television networks in Norway, Sweden, Denmark and Finland, among other assets.Discovery, whose cable networks include Discovery Channel, TLC and Animal Planet, also said it will take 20 percent equity stakes in French television group TF1's Eurosport Group and four pay-TV channels in France.
Discovery Communications, Inc. (Discovery) is a global nonfiction media and entertainment company that provide programming across multiple distribution platforms worldwide. Shares of DISCA remained unchanged at $60.26. In the past year, the shares have traded as low as $39.33 and as high as $63.20. On average, 1286470 shares of DISCA exchange hands on a given day and today's volume is recorded at 0.
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