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Discovery insists it is not for sale

Reports suggested the company was interested in being acquired by CBS

Discovery has released a statement insisting the company is not for sale, following a report that it was interested in a sale.

CNBC reported Discovery was interested in being acquired by either CBS or a potentially combined CBS-Viacom.

“The CNBC story is inaccurate. Discovery is not for sale,” David Leavy, Discovery’s chief corporate operations officer said in a statement. “We remain extremely confident in our growth strategy in the US and globally as we continue to build the leading portfolio of superfan brands in every market around the world.”

CNBC’s report quoted sources as saying that Viacom and CBS vice chair Shari Redstone, whose family’s National Amusements owns controlling stakes in both companies, was interested in following up a potential deal recombining CBS and Viacom with a deal for Discovery or such potential other targets as Sony Pictures or MGM.

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