PARIS Dec 13 French broadcaster TF1
said it was weeks away from signing a strategic alliance with
Discovery Communications that could see the U.S. group
take a 20 percent stake in the Eurosport channel.
The alliance, which is being presented to staff
representatives, would also see Discovery take a 20 percent
stake in other channels including regional Breton station TV
Breizh, Histoire, Ushuaia TV and lifestyle channel Stylia.
Discovery would pay around 184 million euros ($239.9
million) in total and would be granted the option to take its
stake in Eurosport to 51 percent and to 49 percent in the other
channels, TF1 said on Thursday.
"The agreement should be signed in the coming weeks," the