(Apr 2): Netflix is in "advanced talks" to purchase the debt-ridden French film company EuropaCorp, a move that will help bolster the former's original content amid fierce competition with other online streaming services, according to media reports.

The potential acquisition could be announced "in a few weeks," reported French financial newspaper Les Echos on its website late last week. Netflix would be "well placed" to secure the deal, it added.

The discussions are progressing well, and the aim is to have a deal done by the summer, the newspaper cited a source close to the matter as saying.

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