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TFI Television Francaise TF1

7.79
0.01 (0.13%)
Last Updated: 09:40:04
Delayed by 15 minutes
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

Discovery Talks on Taking Control of Eurosport Earlier Than Planned

20/11/2013 8:00am

Dow Jones News


Television Francaise TF1 (EU:TFI)
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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

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1 Year Television Francaise TF1 Chart

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