Discovery Talks on Taking Control of Eurosport Earlier Than Planned
November 20 2013 - 3:00AM
Dow Jones News
By Ruth Bender
PARIS--Discovery Communications Inc. (DISCA, DISCB) and
Television Francaise 1 SA (TF1.FR) are in talks over the
possibility that the U.S. firm could take control of the French
broadcaster's sports network Eurosport group earlier than initially
planned.
Discovery--which last year bought a 20% stake in Eurosport for
$221.6 million--has a call option to raise its stake in the
European sports network to 51% on or after December 21, 2014.
The two group's have begun discussions to "evaluate whether
Discovery will exercise its call option prior to the agreed upon
date," TF1 said in a statement Wednesday.
However, TF1 said that it wants to keep its 80% stake in
Eurosport's French branch until at least December 31, 2014.
Write to Ruth Bender at ruth.bender@wsj.com
Television Francaise TF1 (EU:TFI)
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