Yahoo! Cable Acquisition Rumors Denied

Following rumors that Yahoo! Inc YHOO was interested in acquiring Scripps Networks Interactive, Inc. SNI, Variety reported Friday that no discussions had taken place between the companies.

According to Todd Spangler of Variety, “while Yahoo mulled buying Food or other Scripps properties internally, the Internet media company has not — either formally or informally — ever approach SNI about a potential deal.”

The rumors surfaced on Business Insider and included the suggestion that Yahoo may be interested in acquiring CNN, in addition to Scripps Networks Interactive.

Re/code’s Kara Swisher appeared on CNBC this Friday, and indicated that Yahoo does not have any interest in acquiring CNN from Time Warner Inc TWX.

Scripps Networks Interactive, Inc. recently traded at $76.64, up 1.82 percent.

Posted In: NewsRumorsBusiness InsiderKara SwisherReCodeTodd SpanglerVariety
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