Discovery Said to Be in Final Stages of Talks to Acquire Scripps<br />Discovery is closing in on a bid of around $90 per share, according to one of the people, or about 34<br />percent higher than where Scripps’s stock was trading before reports about a potential sale emerged.<br />Discovery, which is led by David Zaslav and backed by the billionaire John C. Malone<br />and the Newhouse family, has been an active deal maker since the collapse of its last round of talks with Scripps three years ago.<br />An announcement could come as soon as next week, some of these people said, cautioning that talks could still fall apart.<br />By EMILY STEEL and MICHAEL J. de la MERCEDJULY 27, 2017<br />The race for the owner of Food Network and HGTV, Scripps Networks Interactive, has come down to one finalist.<br />Discovery Communications is in advanced discussions to buy Scripps now<br />that Viacom is out of the competition, people briefed on the matter said Thursday.<br />The key to winning over Scripps has been crafting a proposal acceptable to the family, which<br />still controls about 92 percent of the company’s voting stock, and which votes as a bloc.
