PARIS (AP) — The parent company of the Discovery Channel is close to buying a stake in Europe's leading sports network, Eurosport.
TF1, the Paris-based media group that owns Eurosport, says Discovery Communications could pay €170 million in cash for a 20 percent stake in Eurosport.
The planned deal gives Discovery the option of lifting its stake in Eurosport to 51 percent in two years, and gives TF1 the option of then selling the remaining 49 percent to Discovery as well.
The two companies are also negotiating for Discovery to take 20 percent stakes in a range of TF1's smaller theme channels for €14 million.
An agreement is expected to be signed in the coming weeks, TF1 says.
Find out where the cast from "When Harry Met Sally" is today.
Selena Gomez celebrates her birthday early with a helicopter ride in Italy with new pal Cara Delevingne on today's Celebs Gone Social.
See some of the cutest moments from Prince George's first year.
Let's check out some of Eva's tactics behind her baby bump secret on Replay hosted by Wonderwall's Kirby Kristen.
Check out some of Jennifer Lopez's sexiest ensembles she's rocked recently.
Take a look back at Prince William and Duchess Kate's cutest couple moments.
From Ryan Cabrera to Megan Fox, see celebs who've gotten tattoos of other stars.
Jennifer Lopez brings the glam while spending time with her fam at Paris Fashion Week on today's Celebs Gone Social.
© 2014 Microsoft