Discovery Communications Inc. (DISCA) said Tuesday it has completed the acquisition of the SBS Nordic operations of ProSiebenSat.1 Group. The deal was originally announced in December 2012.
The acquisition adds 12 television networks, as well as leading radio stations and several digital brands, to Discovery's existing portfolio of eight brands in Norway, Sweden, Denmark and Finland, to form a combined regional business to be known as SBS Discovery Media.
Discovery also announced the appointment of Henrik Ravn as president and managing director of the newly combined SBS Discovery Media business, which includes both Discovery's and SBS's networks and operations in the Nordic region. Ravn has led the SBS Nordic business since 2009.
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