© Provided by The Canadian PressWARSAW, Poland (AP) — Poland’s president on Monday said he has decided to veto a media bill that would have forced U.S. company Discovery to give up its controlling share in TVN, a Polish TV network. The veto was also expected to be welcomed by Washington, which had been seeking to defend the largest U.S. investment in Poland. President Andrzej Duda noted that the bill was unpopular with many Poles and would have dealt a blow to Poland’s reputation as a place to do business. Its practical effect would have targeted only one existing company, Discovery Inc., forcing the U.S. owner of Poland’s largest private television network, TVN, to sell the majority or even all of its Polish holdings. It represents the largest ever American investment in Poland and the company now puts TVN's value at $3 billion.

Source: CBC News December 27, 2021 22:20 UTC