DLA Piper Aids Discovery In $1.7B Nordic TV Portfolio Buy

Law360, New York (December 14, 2012, 12:30 PM EST) -- Discovery Communications Inc. has purchased the Nordic television operations of German media company ProSiebenSat.1 Media AG in a deal valued at $1.7 billion, Discovery said Friday.

The Maryland-based nonfiction media giant will acquire ProSiebenSat.1's SBS Nordic operations, which includes 12 television networks throughout Scandinavia, boosting Discovery's long-term growth prospects in the strong TV market in that region, the buyer said.

The deal is subject to approval from European regulators and is expected to close in the first quarter of 2013. Discovery also said that its board...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.