After several weeks of talks, Discovery Communications Inc. has reached a deal to acquire the owner of HGTV and Travel Channel.
The Silver Spring-based company announced Monday morning that it would acquire Scripps Networks Interactive Inc. in a cash-and-stock deal valued at $14.6 billion. The transaction is valued at $90 per share — roughly a 4 percent premium on Scripps’ Friday closing price of $86.91 and a 34 percent premium on its share price since Scripps ownership began discussing a sale earlier this month.
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