LA, Paris set to share the spoils

LAUSANNE, Switzerland - Paris moved within a hair's breadth on Monday of formally being chosen to host the 2024 Summer Olympics after rival candidate Los Angeles on Monday agreed to accept the 'consolation' prize of the 2028 Games.

Both cities were competing for the 2024 Summer Games after several other contenders withdrew, and the stage was set for Paris to win its bid when the International Olympic Committee confirmed that Los Angeles had officially embraced the later date of 2028.

"The IOC welcomes this decision of the Los Angeles Olympic and Paralympic candidature committee," IOC president Thomas Bach said in a statement.