Polish broadcaster TVN SA (TVN.WA) and Canal Plus plan to merge their Polish pay-TV businesses into a joint venture in which TVN will have a significant minority stake, the Polish company's controlling shareholder said in a statement late Tuesday.

Canal Plus, which is owned by France's Vivendi SA (VIV.FR), plans to acquire a significant minority stake in N-Vision B.V., the parent company of Polish Television Holding B.V., which in turn holds a 51% stake in TVN, ITI Holdings SA said in a statement on its website.

Canal Plus has been granted the option to acquire the remaining portion of the controlling stake in TVN over time from ITI, the company added.

-By Marynia Kruk, Dow Jones Newswires; +48 22 447-2431; marynia.kruk@dowjones.com

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