NBCUniversal Media LLC's NBC News acquired a 25% stake in international news network Euronews.
Post acquisition, the organization will cobrand its TV and digital platforms to EuronewsNBC. Media Globe Networks will remain the majority stakeholder in Euronews, with the public stockholders continuing to remain in the company, according to a May 31 press release.
While the company did not disclose financial details of the deal, Variety reported the same day that NBC News will make a $30 million investment in Euronews.
Euronews employs about 500 journalists and reaches 434 million homes on TV and digital platforms across 158 countries in 12 languages.
NBCU is owned by Comcast Corp.