Discovery Communications, Inc. (NasdaqGS:DISC.A) acquired Switchover Media srl on December 28, 2012. In 2012 the Discovery Communications also purchased a digital media company in the U.S., a television channel in Dubai, and certain affiliate agreements in Latin America. Total consideration for these businesses was $171 million. Marinella Soldi, Managing Director of Discovery Italy and General Manager Southern Europe will oversee the combined business. Francesco Nespega, Founder and Managing Partner of Switchover Media will cooperate with Discovery Communications for the entire transition phase.

Carnelutti Studio Legale Associato acted as the legal advisor to Discovery Communications. Tages Capital acted as the financial advisor and Legance Studio Legale Associato acted as the legal advisor to Switchover Media srl.

Discovery Communications, Inc. (NasdaqGS:DISC.A) completed the acquisition of Switchover Media srl on December 28, 2012.