Discovery to take share in TF1's themed chans inc Eurosport

Discovery set to take 20% stake in Eurosport and TF1 theme channels

Editor | 13-12-2012

The board of directors of French pay-TV group TF1 have empowered CEO ***** Paolini with the authority to continue and finalise strategic alliance negotiations with Discovery Communications.

If negotiations are successful, Discovery would take a 20% minority interest in the Eurosport group, and such an acquisition would involve a cash consideration of approximately €170 million ($221.6 million).

Discovery would become a shareholder in the TV Breizh, Histoire, Ushuaïa TV and Stylía channels, with a 20% interest in each, and with the ability to increase to 49% in two years. The acquisition of the interest in these businesses would involve a cash consideration of approximately €14 million ($18.2 million).

Discovery would also have the possibility (via an option granted by TF1) of raising its interest to 51% in two years’ time. Furthermore, if Discovery did exercise its option, TF1 would have the ability to exercise a put option over the remaining 49%, which potentially could give Discovery full ownership.

From - Rapid TV News

Why is N O N C E (Mr Paolini's first name) blocked by the swear filter when a certain N word which rhymes with bigger isn't (I'm not going to type that word because it's a racist insult). N O N C E is just slang for sex offender. Not a swear word at all.

Link to the article in the above post: http://www.rapidtvnews.com/index.php/25433/discovery-set-to-take-20-stake-in-eurosport-and-tf1-theme-channels.html

Because n***** is the name of the dog in the Dambusters.

Discovery have also announced a deal to buy a bunch of major commercial broadcasters in the Nordic countries, including Kanal 5 in Denmark and Sweden and TVNorge in Norway. Combined with the Eurosport acquisition this marks a sudden significant change in scope for Discovery to include both sports and general entertainment channels along with its existing factual and lifestyle base.

The four French thematic channels mentioned above make more sense as they are more or less French equivalents of what Discovery is doing internationally.

http://corporate.discovery.com/discovery-news/discovery-communications-acquire-sbs-nordic-operat/