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Discovery backs out of FoodFood deal

Discovery Communications Inc. backed out of the acquisition of Chef Sanjeev Kapoor's food specialty network FoodFood, The Economic Times of India reported Dec. 22, citing a company representative.

In a statement, the Discovery spokesperson reportedly confirmed that the companies are not "entering into the partnership with FoodFood," while assuring that India remains a global priority market.

In May, Discovery Communications announced a deal to buy a majority stake in Turmeric Vision Pvt. Ltd., the owner of Indian pay TV network FoodFood and its digital products.