Discovery buys PetFinder.com

By Cory Bergman 

Discovery, which owns Animal Planet, bought Petfinder.com as well as the training video production company PetsIncredible. While financial terms were not disclosed, Petfinder is valued around $35 million. PetsIncredible recently launched PetVideo.com, a library of training videos. “The depth and breadth of Animal Planet’s reach across the country and its powerful status as a beloved and trusted brand will enable us to leverage our unparalleled animal video archive, expertise and resources across a range of high-growth media platforms,” said John Hendricks, chairman, Discovery Communications.

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