ITV mulls joint venture with BBC to acquire UKTV
Two companies are reportedly planning a £1 billion bid for the broadcaster
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Two companies are reportedly planning a £1 billion bid for the broadcaster
New company is called Discovery Inc
Commission concluded that proposed transaction, with certain commitments, would raise no competition concerns
Transaction expected to close by early 2018
Scripps broadcasts four channels across the UK and EMEA region, Travel Channel, Food Network and HGTV
Merger would create a $19 billion network specialising in non-scripted programming
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Deal includes 1,200 hours of programming
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