Viacom has reportedly told Scripps Networks that it is willing to the US TV network operator in an all-cash deal.

The move by Viacom could potentially mean that the $14.3 billion ($12.3bn) media company would lose its investment-grade status to buy the $10.6 billion Scripps.

Discovery Communications is also in the running to acquire Scripps, but is not expected to make an all-cash bid.

Scripps owns channels such as HGTV, Food Network and Travel Channel.

Other posts by :

1. Forecast: $5tn annual SpaceX revenues
2. Human AI; Access, Influence
3. Who else was eyeing Globalstar?
4. Analyst: Unrealistic expectations at SpaceX
5. Rocket Lab: “We will out-innovate SpaceX”
6. S&P ranks Arqiva’s debt as BBB+
7. AST SpaceMobile to make D2C progress this winter
8. EchoStar to put Hughes Network into bankruptcy
9. FCC explains C-band incentives

Categories: Articles, Business, M&A