DV
Discovery Communications Inc. (DISCA:US) said today it will raise its stake in Eurosport, making it more competitive against British Sky Broadcasting Group Plc (BSY) and BT Group Plc (BT/A) in bidding for TV sports rights.
“This control gives us a leg up on everyone for the platform we can provide, and now we’re competitively in the race country-by-county to look at every sports right,” Discovery Chief Executive Officer David Zaslav said in an interview today. “We’re not ruling anything out.”
Discovery will increase its stake in Societe Television Francaise 1’s Eurosport to 51 percent from 20 percent, with a possibility to buy the rest of it should TF1 exercise a put option over the remaining 49 percent, the companies said in a joint statement today. Eurosport is valued at 902 million euros ($1.2 billion), the companies said.
from ……..
NEWS on BUSINESSWEEK.COM
21-Jan-2014 @ 21:27
“This control gives us a leg up on everyone for the platform we can provide, and now we’re competitively in the race country-by-county to look at every sports right,” Discovery Chief Executive Officer David Zaslav said in an interview today. “We’re not ruling anything out.”
Discovery will increase its stake in Societe Television Francaise 1’s Eurosport to 51 percent from 20 percent, with a possibility to buy the rest of it should TF1 exercise a put option over the remaining 49 percent, the companies said in a joint statement today. Eurosport is valued at 902 million euros ($1.2 billion), the companies said.
from ……..
NEWS on BUSINESSWEEK.COM
21-Jan-2014 @ 21:27