Deal Snapshot
SCRIPPS TO PAY USD 617M FOR CONTROLLING STAKE IN POLISH TV NETWORK TVN
Monday 16 March 2015

US-based media company Scripps Networks Interactive, Inc. (NYSE: SNI) has entered into an agreement to acquire a 52.7% interest in Poland-based media company TVN, the company said on Monday. The company has agreed to acquire the stake from ITI and Canal+ Group for an all-cash consideration of EUR 584m (USD 617.24m). Scripps Networks Interactive will also assume EUR 840m of debt.


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Details
Date Published: 16/03/2015
Target: TVN
Country: Poland
Deal Size: 617.24 (USD)
Sector: Media
Type: Corporate acquisition
Financing: Cash
Status: Agreed
Vendor: ITI and Canal+ Group
Buyer: Scripps Networks Interactive, Inc
Buyer Advisor: Barclays , Blackstone Advisory Partners L.P , Latham and Watkins LLP
Comment:
Controlling Stake

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