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

Report a problem

Similar News Items

Discovery Communications [us]
Real Time (2008)
Mark Hollinger (III)

IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.

See our NewsDesk partners