Discovery to buy minority stake in Eurosport, WSJ reports

theflyonthewall.com

Discovery Communications (DISCA) plans to buy a minority stake in Eurosport, a unit of TF1, a French media company, according to a Wall Street Journal report that cites people familiar with the matter. Discovery will pay "several hundred million dollars" for its stake in Eurosport and will form a strategic partnership with TF1, according to the report.

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