Reuters: Technology News: Discovery to buy ProSiebenSat's Nordic TV channels for $1.7 billion

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Discovery to buy ProSiebenSat's Nordic TV channels for $1.7 billion Dec 14th 2012, 13:15 Fri Dec 14, 2012 7:40am EST (Reuters) - Discovery Communications Inc agreed to buy ProSiebenSat.1 Media AG's Nordic television channels for about $1.7 billion. The deal includes 12 television networks in Norway, Sweden, Denmark and Finland, among other assets. Discovery, whose cable networks include Discovery Channel, TLC and Animal Planet, also said it will take 20 percent equity stakes in French television group TF1's Eurosport Group and four pay-TV channels in France.

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