Canal Plus Seeks To Buy Poland’s TVN

Canal Plus, the pay-TV subsidiary of France’s Vivendi, is in discussions that may see it in control of Poland’s private broadcaster TVN.

Canal Plus, the pay-TV subsidiary of France’s Vivendi, is in discussions that may see it in control of Poland’s private broadcaster TVN, Financial Times reports. Time Warner, Germany’s RTL Group, News Corp. and Discovery Communications are among other companies interested in TVN.

The company is worth $1.6 billion as per current market valuation. The deal will combine Poland’s second and third-biggest satellite TV groups by subscribers and could see Vivendi taking control of a merged holding company.

Click here for the release from Financial Times.

Click here for additional coverage from Market Watch.

Vivendi Canal Plus Poland France TVN