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. 650 Starlink D2C craft in orbit
2. Bank upgrades SES to ‘Buy’
3. Eutelsat shareholders reach agreement at AGM
4. Ghana makes MultiChoice fee decision
5. SES announces €0.25c dividend
6. Russia “blinding and destroying” German satellites
7. Bank: AST, Starlink, Kuiper targeting $200bn market
8. Rivada: Is no news good news?
9. SES celebrates Intelsat acquisition

Categories: Articles, Business, M&A