Discovery Communications, Inc. (NASDAQ:DISCA) Files An 8-K Other EventsItem 8.01.Other Events.
On March2, 2018, Discovery Communications, Inc. (“Discovery”) disseminated a press release announcing its election to exercise the cash top-up option in full to the Agreement and Plan of Merger, dated as of July30, 2017, by and among Scripps Networks Interactive, Inc., Discovery and Skylight Merger Sub, Inc. (the “Merger Agreement”). In connection therewith, the corresponding “Base Exchange Ratio Reduction” (as defined in the Merger Agreement) is equal to 0.4112.
A copy of the press release is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
Item 9.01.Financial Statements and Exhibits.
Press Release dated March2, 2018
Discovery Communications, Inc. ExhibitEX-99.1 2 exhibit991-pressreleasedat.htm EXHIBIT 99.1 Exhibit FOR IMMEDIATE RELEASEMarch 2,…To view the full exhibit click
About Discovery Communications, Inc. (NASDAQ:DISCA)
Discovery Communications, Inc., (Discovery) is a global media company. The Company provides content across multiple distribution platforms, including pay-television (pay-TV), free-to-air and broadcast television, Websites, digital distribution arrangements and content licensing agreements. Its segments are U.S. Networks, which consists principally of domestic television networks and Websites; International Networks, which consists primarily of international television networks and Websites; Education and Other, which consists principally of curriculum-based product and service offerings, and production studios, and Corporate and Inter-segment Eliminations. It distributes customized content in the United States, and over 220 other countries and territories in over 40 languages. The Company’s global portfolio of networks includes television brands, such as Discovery Channel, TLC, Animal Planet, Investigation Discovery, Science and Velocity (known as Turbo outside of the United States).