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Discovery prices public stock offering

Discovery Communications Inc., of Silver Spring, announced the pricing of an underwritten secondary public offering of 7,681,818 Series C common shares at a price to the public of $64.75 per share.

The shares are being sold by FTI Ventures LLC, an existing Discovery stockholder.

The media and entertainment company itself is not selling any shares and will not receive any proceeds from the offering, and the total number of shares of its outstanding Series C common stock will not change as a result of the offering.

The offering is expected to close on Tuesday.

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