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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Television Francaise TF1 | EU:TFI | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 0.13% | 7.79 | 7.78 | 7.795 | 7.795 | 7.755 | 7.77 | 19,388 | 09:40:04 |
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
1 Year Television Francaise TF1 Chart |
1 Month Television Francaise TF1 Chart |
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