Scripps Networks Concludes Tender Offer For Poland's TVN - Quick Facts

(RTTNews) - Scripps Networks Interactive, Inc. (SNI), a developer of lifestyle content for television, internet and mobile platforms, has concluded its tender offer for all outstanding shares of TVN, Poland's premier multi-platform media company.

The company acquired around 46 percent of TVN shares at a cost of 3,134.4 million zloty (approximately $833.1 million), or 20.00 zloty per share, through the tender offer.

Scripps Networks previously announced and completed the execution of its agreement to acquire 52.7 percent of TVN from ITI and Canal+ Group in March and subsequently stated its intention to acquire all remaining shares through a public tender offer.

Scripps Networks now owns 98.8 percent of TVN, and the company will execute a squeeze out process to acquire all remaining outstanding TVN shares.