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Discovery Communications said it agreed to buy Takhayal Entertainment, the Dubai-based owner...

Discovery Communications said it agreed to buy Takhayal Entertainment, the Dubai-based owner of Fatafeat, the Middle East’s No. 1 food network. The U.S.-based acquirer said in a Tuesday news release (http://xrl.us/bn3q69) that the companies are “formalizing the transfer with the…

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competent authorities,” and the deal is expected to close this year.