Discovery acquires a 20% equity stake in Televista
March 7, 2012
Discovery Networks has confirmed the acquisition of a 20 per cent equity stake in Televista, a French pay-TV company specialising in the female lifestyle market.
Under this agreement, Discovery becomes a strategic partner to Televista and will contribute to the development of its female lifestyle channels business. Discovery Networks will provide strategic counsel and access to its female lifestyle library of programming.
This equity investment supplements the content supply agreement already announced by the two companies in January 2012.