Discovery buys 21% stake in Israel's Reshet 13

Len Blavatnik

Both Discovery and Blavatnik, the station's biggest shareholder, will inject funds into the television company.

US company Discovery Communications Inc. (Nasdaq: DISCA), owner of the Discovery channel, has agreed to buy a 21% stake in Israel's Reshet Channel 13 television station sources inform "Globes." Discovery will become the channel's second largest shareholder after Len Blavatnik. Both Discovery and Blavatnik will inject funds into the television company.

After the acquisition, Blavatnik will have a 51% stake in Reshet 13, Discovery 21%, Udi Angel and the Strauss family will have a 14% stake, Reshet chairman and Blavatnik's protege Nadav Topolski 13% and Dutch media company Endemol will exit from all their holdings.

Published by Globes, Israel business news - en.globes.co.il - on January 24, 2021

© Copyright of Globes Publisher Itonut (1983) Ltd. 2021

Len Blavatnik
Len Blavatnik
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