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Discovery Limited was founded in 1992 by Adrian Gore and Barry Swartzberg. In the same year, RMB Holdings (RMBH) acquired a stake in the business by making Discovery Limited its subsidiary through Momentum Group (now part of MMI Holdings Limited). [4]
In 1992, Gore raised seed money for Discovery from Laurie Dippenaar, and other funders who founded Rand Merchant Bank. [5] Discovery has since evolved into a diversified and multinational financial services group. Prior to Discovery limited, Adrian Gore worked at Liberty Life, an insurance and investment firm. [5]
For the year ended 31 December 2017, Cursor's revenues were £7.9 million, operating profit was £2.1 million, gross assets were £9.9 million on a reported basis. [46] In April 2019, discoverIE acquired non-contacting sensor specialist Positek Limited for £4.6 million and Hobart Electronics for £19.2 million. On 16 April 2019, discoverIE ...
Discovery said its third quarter profit tumbled significantly due to higher expenses for its broadcast of the 2021 Summer Olympics and costs associated with its new direct-to-consumer businesses ...
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It’s a fundamental business principle: When hard times hit, leaders of struggling companies feel the urge to merge with stronger rivals. As the new year begins, Hollywood’s largest media ...
In April 2010, Discovery acquired Standard Life Healthcare, formed in 1994 following the acquisition of Prime Health Limited, and merged it with its PruHealth. [10] In November 2014, Discovery bought the remaining 25% stake in PruHealth from Prudential, [11] making Discovery the sole owner of the company. Discovery immediately re-branded ...
Warner Bros. Discovery reported direct-to-consumer adjusted EBITDA of $50 million in the first quarter, a $704 million year-over-year improvement on a pro-forma combined basis.