M&A Deal Summary

Warner Bros. Discovery Acquires Scripps Networks Interactive

On July 31, 2017, Warner Bros. Discovery acquired media company Scripps Networks Interactive for 14.6B USD

Acquisition Highlights
  • This is Warner Bros. Discovery’s 10th transaction in the Media sector.
  • This is Warner Bros. Discovery’s largest (disclosed) transaction.
  • This is Warner Bros. Discovery’s 7th transaction in the United States.
  • This is Warner Bros. Discovery’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2017-07-31
Target Scripps Networks Interactive
Sector Media
Buyer(s) Warner Bros. Discovery
Deal Type Add-on Acquisition
Deal Value 14.6B USD
Advisor(s) Allen & Company
J.P. Morgan Securities LLC
Evercore Group LLC (Financial)
Weil Gotshal & Manges LLP
Kirkland & Ellis LLP (Legal)

Target

Scripps Networks Interactive

Knoxville, Tennessee, United States
website
Scripps Networks' corporate headquarters in Knoxville, Tennessee.
Scripps Networks' corporate headquarters in Knoxville, Tennessee.
Scripps Networks Interactive, Inc. is a developer of lifestyle oriented content for many media platforms including television, digital, mobile and publishing. Its portfolio of lifestyle brands include HGTV, DIY Network, Food Network, Cooking Channel, Travel Channel and Great American Country. Scripps was founded in 2008 and is based in Knoxville, Tennessee.

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Buyer(S) 1

Buyer

Warner Bros. Discovery

Silver Spring, Maryland, United States

website


Category Company
Founded 1985
SectorMedia
Employees11,000
Revenue 12.2B USD (2021)
DESCRIPTION
Discovery Communications' corporate headquarters in Silver Spring, Maryland.
Discovery Communications' corporate headquarters in Silver Spring, Maryland.

Warner Bros. Discovery is a global media company that provides content across multiple distribution platforms, including pay-TV, free-to-air and broadcast television, websites, digital distribution arrangements and content licensing agreements. The Company's portfolio of networks includes television brands such as Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science and Velocity (known as Turbo outside of the U.S.). Discovery also operates a diversified portfolio of production studios, websites and curriculum-based education products and services. Warner Bros. Discovery was formed in 1985 and is based in Silver Spring, Maryland.


DEAL STATS #
Overall 16 of 17
Sector (Media) 10 of 11
Type (Add-on Acquisition) 11 of 11
State (Tennessee) 1 of 1
Country (United States) 7 of 8
Year (2017) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-03 Raw TV

London, United Kingdom

Raw TV Ltd. is a multi-award winning production company telling great stories. Raw has gained a reputation for producing a diverse slate of high quality and original scripted, reality formats, films and feature documentaries including Gold Rush, one of Discovery Channel’s most-watched series of all time with viewers around the globe, CNN’s Race for the White House, BBC One’s The Doctor Who Gave Up Drugs, BBC Two’s Conviction, Murder at the Station, and the critically acclaimed BAFTA winning film The Imposter.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-26 Discovery Education

Charlotte, North Carolina, United States

Discovery Education with its state-of-the-art digital platform supports learning wherever it takes place. Through its multimedia content, instructional supports, and innovative classroom tools, the company helps educators deliver equitable learning experiences engaging all students and supporting higher academic achievement on a global scale. It serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in nearly 100 countries and territories. Discovery Education is based in Charlotte, North Carolina.

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