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Discovery to Purchase SBS Nordic Networks for $1.7 Billion

SILVER SPRING: Discovery Communications is acquiring the SBS Nordic operations of the ProSiebenSat.1 Group, including 12 television networks, in a $1.7 billion transaction. The deal includes four networks in Norway, two in Sweden, four in Denmark and two in Finland. With the purchase, Discovery also gains SBS Nordic’s 19 radio stations and several digital brands. …



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