Scripps Networks Interactive, Inc. ("Scripps") is an American mass media company with brands such as HGTV, DIY Network, Food Network, Cooking channel, Travel Channel,and more.

On July 31, 2017, Discovery Communications, Inc. (“Discovery”) and Scripps announced that they signed a definitive agreement for Discovery to acquire Scripps in a cash-and-stock transaction valued at $14.6 billion, or $90 per share, based on Discovery’s Friday, July 21 closing price.

The Complaint alleges that the Board conducted a flawed sale process tilted in favor of a transaction with Discovery; that the Board initially rebuffed potential purchasers by informing them that Scripps was not for sale, and later, when the Board began to entertain expressions of interest from Company C and Discovery, the Board did not properly shop Scripps or attempt to arrange for an auction to produce the highest bidder.

This case was voluntarily dismissed on October 12, 2017.