Why Scripps Networks Interactive, Inc. Stock Popped Today

Shares of Scripps Networks Interactive, Inc. (NASDAQ: SNI) were surging today on news that the media company was seeking to merge with Discovery Communications Inc. (NASDAQ: DISCA). 

As of 11:46 a.m. EDT, Scripps shares were up 13.8% while Discovery had gained 4.4%.

Food Network chef Bobby Flay. Image Source: Scripps.

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Source: Fool.com