John Malone's Liberty Global Plc and Discovery Communications Inc said they would jointly purchase UK-based TV production group All3Media for about $300 million. Discovery and Liberty Global said they would each contribute about 90 million pounds in cash to buy the company from its founders and funds owned by private equity firm Permira.The companies said the deal was based on an enterprise value of $930 million for All3Media.All3Media produces shows such as Skins, Hollyoaks, and Midsomer Murders and had revenue of about 505 million pounds ($856 million) in the fiscal year ended August 2013. ($1 = 0.5899 British Pounds)
Discovery Communications, Inc. (Discovery) is a global nonfiction media and entertainment company that provide programming across multiple distribution platforms worldwide. Shares of DISCA traded higher by 2.48% or $1.805/share to $74.52. In the past year, the shares have traded as low as $72.35 and as high as $90.76. On average, 1526570 shares of DISCA exchange hands on a given day and today's volume is recorded at 1051243.
Shares of LBTYA traded higher by 0.73% or $0.31/share to $43.01. In the past year, the shares have traded as low as $35.17 and as high as $46.46. On average, 4484730 shares of LBTYA exchange hands on a given day and today's volume is recorded at 2560122.
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