Welcome to The Deal Pipeline's Deal of the Day. Shot on the trading floor of the New York Stock Exchange, we bring you an in-depth look at the terms, advisers and vital information on a specific transaction from The Deal Pipeline's database.
For Thursday, March 22, we look at programming provider Scripps Networks Interactive Inc.'s $103 million deal for U.K.'s Travel Channel International. Scripps previously acquired a 65% stake in Cox Communications Inc. subsidiary Travel Channel LLC for $975 million in 2009. The deal is not Scripps' first foray into the U.K. either; last year it bought a 50% stake in UKTV Channel Management Ltd. for $553 million from Virgin Media Inc.
Below are links to key content from The Deal Pipeline regarding movements made in these transactions. - Sarah Hashim-Waris
Deal Memo: Scripps-Travel Channel LLC
Deal Memo: Scripps-UKTV Channel Management
M&A page: Scripps Networks Interactive
The Deal Pipeline article: Scripps buys Virgin Media stake in UKTV