French media company the TF1 Group and US programmer Discovery Communications have confirmed that they have entered into exclusive negotiations to forge a strategic alliance intended to create value for both companies across their numerous complementary business activities in three key areas: driving the growth of Eurosport; enhancing both companies’ pay-TV offerings in France; and developing a mutually beneficial content production relationship.

This alliance would include investments by Discovery in some of these key businesses.

There are no further details to share beyond this statement, said the companies.

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