NBC Sells 25% Stake in France-Headquartered Broadcaster EuroNews
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variety.comBy Elsa Keslassy International Correspondent Although the roll out of NBC Sky World News has been delayed amid the coronavirus crisis, NBC has proceeded to sell its 25% stake in EuroNews, the pay-TV group headquartered in France, Variety has confirmed.
NBC’s stake in EuroNews was acquired by Naguib Sawiris’ Media Globe Networks, who has been a majority shareholder in the broadcaster with 66% since 2015.
The deal, signed April 15, now gives the Egyptian billionaire an 88% stake in EuroNews. Beyond this transfer of shares between NBC and Media Globe Networks there are no other changes to the shareholders structure of the broadcaster, a EuroNews spokesperson said.
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