27 November 2012 7:33 AM, PST | The Hollywood Reporter | See recent The Hollywood Reporter news »

  London - Cable networks firm Discovery Communications on Tuesday said it has agreed to acquire Dubai-based Takhayal Entertainment and its affiliates in Dubai and Egypt, including flagship TV network Fatafeat. The channel is the top food network in the Middle East. Financial details weren't disclosed. Takhayal CEO Youssef El-Deeb and Mark Hollinger, CEO of Discovery Networks International, made the deal announcement. "The transaction is a targeted step by Discovery to further extend its reach in the growing Middle East and North Africa television market and to further complement and strengthen its existing portfolio of female-targeted lifestyle pay TV

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- Georg Szalai

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