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DISCK Discovery Inc

24.42
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Discovery Inc NASDAQ:DISCK NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 24.42 24.12 24.90 0 01:00:00

Axel Springer and Partners Make New Investment in Group Nine Media

29/11/2017 10:02am

Dow Jones News


Discovery (NASDAQ:DISCK)
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   By Max Bernhard 
 

Axel Springer SE (SPR.XE) and its partners have made a follow-up investment of 40 million dollars into Group Nine Media, a U.S. operator of online video platforms, the company said Wednesday.

Group Nine Media is owned by Discovery Communications Inc. (DISCA), Axel Springer and Lerer Hippeau Ventures.

"With this follow-on financing, we want to accelerate the further growth of Group Nine Media", said Jens Mueffelmann, chief executive of Axel Springer Digital Ventures.

 

Write to Max Bernhard at Max.Bernhard@dowjones.com; @mxbernhard

 

(END) Dow Jones Newswires

November 29, 2017 04:47 ET (09:47 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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