In France, CANAL+, the television and film subsidiary of VIVENDI UNIVERSAL, intends to sell its shares in EUROSPORT INTERNATIONAL and launch its own European sports channel. EUROSPORT INTERNATIONAL, braodcasting in 18 languages, is currently 50.5% owned by TF1 and 49.5% by CANAL+. Implementing its pre-emption right, TF1 will acquire its partner's shares in the sports channel, which had turnover of EUR 188 million in 1999.