27 November 2012 7:38 AM, PST | Deadline TV | See recent Deadline TV news »

Silver Spring, MD, November 27, 2012 – Discovery Communications today announced an agreement to acquire Dubai-based media company Takhayal Entertainment and its affiliated companies in Dubai and Egypt, including its flagship TV network, Fatafeat, the #1 food network in the Middle East. The parties are in final stages of formalizing the transfer with the competent authorities. The announcement was made by Takhayal CEO Youssef El-Deeb and Mark Hollinger, CEO of Discovery Networks International. 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 brands, including TLC and Real Time, which are now available in more than 150 countries outside the U.S. The acquisition also will provide access to a vast library of cooking recipes and shows and the company’s production facility. Hollinger said, “Discovery’s guiding »

- NANCY TARTAGLIONE, International Editor

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