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Discovery Communications and Liberty Global form JV to buy All3Media

  • Discovery Communications (DISCA +2.6%) and Liberty Global (LBTYA) announces that they have struck a deal to form a joint venture to acquire All3Media from P-E firm Permira and other parties.
  • The deal price of £550M ($930M) for All3Media reps a multiple of close to 8.5X EBITDA per share.
  • The 50-50 JV will operate All3Media under its current name.
  • Previous: Discovery in the hunt for All3Media
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