While Scripps' flagship networks generate cash flow, lack of international exposure limits growth.
Discovery announced on July 31 that it had reached an agreement to purchase Scripps Networks in a $14.6 billion deal, or $90 per share, with $63 in cash and $27 in Discovery class C shares (DISCK). The deal price represents a 34% premium to the unaffected price of Scripps and a 14% premium to our $79 fair value estimate for the firm. The deal is expected to be accretive in the first year and to generate $350 million in cost synergies by 2019. Both firms also accelerated the release of their resp...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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