Discovery Buying HowStuffWorks

Discovery Communications (Nasdaq: DISCA) has agreed to acquire HowStuffWorks, an online source of informational online content. No financial terms were disclosed, although The Wall Street Journal pegs the amount at $250 million. HowStuffWorks has raised around $82 million in VC funding from firms like Capital Research & Management, Chilton Investment Co., Centennial Ventures, Southeast Interactive Technology Funds, Intenet.com and Chartwell Investments. www.howstuffworks.com