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Stock Market & Financial Investment News

News Breaks
February 14, 2013
10:14 EDTDISCADiscovery says 'fully on track' to see OWN's cash flow break even in 2H
The company says it will continue to return capital to shareholders aggressively if it is the best use of its balance sheet, says first priority remains investing in core business. Anticipates returning similar amounts of capital to shareholders through buybacks in 2013 as in 2012. Comments made on the Q4 earnings conference call.
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April 21, 2014
09:10 EDTDISCABlucora announces agreement to acquire HowStuffWorks from Discovery
Blucora (BCOR) and Discovery (DISCA) announced they have entered into a definitive agreement for Blucora to acquire the assets and operations of HowStuffWorks from Discovery. The all-cash transaction is expected to close in 2Q14, subject to customary closing conditions. As part of the transaction, Discovery will retain its key client relationships and partner with Blucora and HowStuffWorks to continue to deliver native advertising solutions. Discovery also will have ongoing access to HowStuffWorks video assets, consistent with Discovery’s strategic shift toward video content. Blucora expects to fund the transaction with cash on hand. Upon completion of the acquisition, HowStuffWorks will join the reporting segment that includes Blucora’s InfoSpace business.
April 16, 2014
19:43 EDTDISCADiscovery drops bid for Channel 5, Reuters says
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07:12 EDTDISCABSkyB, Discovery make joint offer for Channel 5, Bloomberg says
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April 15, 2014
10:10 EDTDISCADiscovery, BSkyB near deal to buy Channel 5, Broadcast says
Discovery Communications (DISCA) and British Sky Broadcasting (BSYBY) are near a GBP350M deal to buy Channel 5 from Northern & Shell, according to Broadcast. Reference Link

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