According to WSJ, Scripps Networks Interactive (SNI) approached by Discovery Communications (DISCA)

  • July 19, 2017

Discovery Communications Inc. (DISCA) is in talks to combine with Scripps Networks Interactive Inc., (SNI) people familiar with the situation said, a deal that would unite two media companies trying to chart a course in a cable-TV industry being upended by digital consumption.

Update(s):

July 26, 2017: Viacom Inc (VIA) has informed Scripps Networks Interactive (SNI) it is willing to pay all cash to acquire the U.S. TV network operator, sources familiar with the matter said on Tuesday.

July 26, 2017: Viacom Inc.  (VIA) is out of the running to acquire Scripps Networks Interactive Inc., (SNI) leaving Discovery Communications Inc. (DISCA) as the only remaining suitor in talks to purchase the cable TV programmer, people familiar with the situation said.

July 31, 2017:  Discovery Communications, Inc. (DISCA) and Scripps Networks Interactive, Inc.  (SNI) today announced that they have signed a definitive agreement for Discovery to acquire Scripps in a cash-and-stock transaction valued at $14.6 billion, or $90 per share, based on Discovery’s Friday, July 21 closing price.