Gore sells television network to Al Jazeera

Current TV, the network co-founded by former US vice-president Al Gore, was sold for about $500m (€383m) to Al Jazeera, the Qatar-based news channel, according to two people with knowledge of the deal.

The price represents a multiple of the $71m Gore and his partners paid in 2004, according to a 2008 regulatory filing, for the channel that became Current TV.

Gore, chairman, and Joel Hyatt, co-founder and CEO, announced the sale without providing financial terms.