John Malone's Liberty Global Plc and Discovery Communications Inc said they would jointly purchase UK-based All3Media, producer of hit TV shows such as "Skins" and "Midsomer Murders", 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 enterprise value of the deal was $930 million.Permira failed to sell All3Media in 2011, when it had asked for 600-770 million pounds. Permira has owned the company since 2006. (r.reuters.com/nyq29v)
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 2.02% or $1.47/share to $74.19. 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 1413906.
Shares of LBTYA traded higher by 0.59% or $0.25/share to $42.95. 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 3490181.
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