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Stock Market & Financial Investment News

News Breaks
November 27, 2012
10:46 EDTDISCADiscovery to acquire Takhayal Entertainment
Discovery (DISCA) announced an agreement to acquire Dubai-based media company Takhayal Entertainment and its affiliated companies in Dubai and Egypt, including its flagship TV network, Fatafeat. The parties are in final stages of formalizing the transfer with the competent authorities. The transaction is a targeted step by Discovery to further extend its reach in the growing Middle East and North Africa television market. Reference Link
News For DISCA From The Last 14 Days
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January 23, 2015
07:22 EDTDISCADiscovery's bid for Ten Networks expected to be rejected, AFR reports
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January 21, 2015
12:54 EDTDISCADiscovery to bid for rights to screen English Premier League, Bloomberg reports
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January 20, 2015
07:25 EDTDISCAViacom buys 50% stake in five Indian TV channels, WSJ says
Viacom (VIA, VIAB) is completing a deal with India's Reliance Industries giving it 50% ownership of five Indian TV channels for an undisclosed sum, reports the Wall Street Journal. Competitors including Discovery Communications (DISCA), 21st Century Fox (FOX, FOXA), and AMC Networks (AMCX) are similarly looking towards foreign investment as U.S. consumers move away from traditional cable packages. PricewaterhouseCoopers predicts 16% annual growth in Indian TV revenue over the next five years. Reference Link

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