Silver Spring, Maryland – Discovery Communications has announced a definitive agreement with ProSiebenSat.1 Group to purchase the company’s SBS Nordic operations for a total enterprise value of approximately US$1.7 billion (€1.325 billion). Additionally, TF1 and Discovery also announced they have taken the next step in their negotiations aimed at forging a strategic alliance to create value in the numerous complementary activities of the two media companies The acquisition of … [Read more...] about Discovery Communications to acquire SBS Nordic for US$1.7bn