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Discovery buys 21% stake in Israel s Reshet 13 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. ....
Discovery Channel in talks to buy stake in Israel s Reshet 13 Len Blavatnik and chairman Nadav Topolski, who currently have a 68% stake in Reshet through RGE Media, will remain the controlling shareholders. US company Discovery Communications Inc. (Nasdaq: DISCA), owner of the Discovery channel, is in talks to buy a 33% stake in Israel s Reshet Channel 13 television station, a source close to the matter has told Globes. If the deal goes ahead, Len Blavatnik and chairman Nadav Topolski, who currently have a 68% stake in Reshet through RGE Media, will remain the controlling shareholders. Other shareholders including Udi Angel, the Strauss family and Dutch media company Endemol, who are not prepared to inject any more money into the TV company, will sell their entire stakes or reduce it to just a few percent. ....