Discovery Communications Acquires Nearly $2 Billion Worth of International Assets

Purchase of SBS Nordic is biggest in firm's history

As more and more countries lay in fiber-optic pipe, cable conglomerates have discovered an increasing sideline in international programming and distribution. Nowhere has that been true as much as it has at Discovery Communications, which today directly purchased SBS Nordic, part of Germany-based conglomerate ProSieben, for 1.33 billion euros (about $1.7 billion).