Discovery to buy ProSiebenSat's Nordic TV channels for $1.7 billion

US-DISCOVERY-ACQUISITION:Discovery to buy ProSiebenSat's Nordic TV channels for $1.7 billion

(Reuters) - Discovery Communications Inc agreed to buy ProSiebenSat.1 Media AG's Nordic television channels for about $1.7 billion.

The deal includes 12 television networks in Norway, Sweden, Denmark and Finland, among other assets.

Discovery, whose cable networks include Discovery Channel, TLC and Animal Planet, also said it will take 20 percent equity stakes in French television group TF1's Eurosport Group and four pay-TV channels in France.

(Reporting by Sayantani Ghosh in Bangalore; Editing by Supriya Kurane)

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