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Stock Market & Financial Investment News

News Breaks
June 13, 2014
08:17 EDTDISCA, LBTYADiscovery, Liberty Global seek to buy Formula One stake, Bloomberg says
Liberty Global (BLTYA) and Discovery Communications (DISCA) are in ongoing talks to buy a 49% stake in the Formula One auto-racing series from owners CVC Capital and Lehman Brothers, said Bloomberg, citing people with knowledge of the matter. The report said the companies are seeking to pay about $4B for the stake, but the owners are looking for about $500M more. Reference Link
News For DISCA;LBTYA From The Last 14 Days
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October 20, 2014
09:31 EDTDISCARobinhood.org to hold conference
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06:34 EDTDISCAHasbro reports pre-tax charge due to restructuring of Hub Network
On September 25, Hasbro (HAS) and Discovery (DISCA) announced Hub Network would become Discovery Family Channel effective October 13, 2014. The network will broaden its programming focus to serve families in primetime and continue to showcase Hasbro Studios award-winning children’s content in daytime. As a result of restructuring the Company’s investment in the Hub Network joint venture, the Company recorded a pre-tax charge of $11.6M, or 6c per diluted share, in the third quarter 2014. This net charge is primarily related to the costs associated with recording the fair value of a put/call option exercisable at the end of 2021 that the Company and Discovery entered into related to this transaction.

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