Media M&A » By The Online Investor Staff, updated Thu., Apr. 18, 5:35 PM
Recent mergers and acquisitions in the Media M&A category.
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Slide #71. Discovery Communications — Espresso Group Limited
Acquirer:
Discovery Communications (DISCA)
Acquiree:
Espresso Group Limited
Details:
Discovery Communications announced it has acquired Espresso Group Limited, the leading provider of primary school digital education content in the U.K. Discovery Education, the company's education division and a global leader in providing curriculum-based digital content to classrooms, will oversee the business. Terms were not disclosed.
Discovery, via its subsidiaries, is a media company that provides content across distribution platforms, including pay-television, free-to-air and broadcast television, and direct-to-consumer subscription products. Co.'s portfolio of networks includes nonfiction television brands such as Discovery Channel, HGTV, Food Network, TLC, Animal Planet, Travel Channel, and MotorTrend. Co.'s global portfolio includes Eurosport, a sports entertainment provider. Co. classifies its operations in two segments: U.S. Networks, consisting of domestic television networks and digital content services, and International Networks, consisting of international television networks and digital content services.
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Avg. Broker Rec.
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Buy (3.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: DISCA Stock Forecast Based on Zacks ABR data; powered by Xignite |
