Scripps Network completes acquisition of TVN

US media company Scripps Network Interactive (SNI) has completed the acquisition of a 52.7 percent stake in Polish broadcaster TVN from local holding ITI and Vivendi's Canal+ Group for €584 million, the companies said. Polish law obliges SNI to launch a tender to increase its stake to a minimum of 66 percent within three months of completion of the transaction. The company had already informed that it was going to call on the rest of the shareholders to sell their remaining shares all at once. Scripps Network Interactive will also assume TVN's debt worth €856 million.