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.