This Sept 1, 2010 file photo shows the Discovery Communications networks headquarters building sign in Silver Spring, Maryland. (AP photo)SILVER SPRING, MARYLAND - Discovery Communications will buy Scripps Networks for close to $12 billion, tying together two powerful stables of TV shows ranging from Animal Planet to the Food Network. The transaction is valued at $90 per share, about a 4% premium to Scripps' Friday closing price of $86.91. Shares of Discovery Communications Inc, based in Silver Spring, Maryland, rose 2.6% before the market opened. Shares of Scripps Networks Interactive Inc, based in Knoxville, Tennessee, edged up slightly.

Source: Bangkok Post July 31, 2017 13:41 UTC