Telecoms Up Amid Deal Activity -- Telecoms Roundup

Features Dow Jones Newswires

Shares of telecommunications companies rose amid deal activity.

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Discovery Communications is taking majority control of OWN, the cable network it co-owns with Oprah Winfrey. Under the terms of the deal, Discovery said it has purchased 24.5% of OWN for $70 million from Ms. Winfrey's company Harpo, leaving the former joint owner Harpo with a 25.5% stake in OWN.

--Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

December 04, 2017 16:55 ET (21:55 GMT)