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Prisa, Mediapro in talks to merge audiovisual businesses

Monday 8 June 2009 | 10:44 CET | News
Spanish media group Prisa has opened talks with rival Mediapro to unite their TV and radio interests. The companies have given themselves one month to find an agreement to put their audiovisual businesses into a new joint venture holding company. Prisa and Mediapro have hired Citi, HSBC and Morgan Stanley to value the assets, writes Expansion. Prisa has also sounded out Telefonica's interest in taking part in the new holding company, according to the newspaper. Telefonica has teamed up with Vivendi to negotiate the purchase of Prisa's Digital Plus pay TV platform, which will benefit from a

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Categories: Broadcast & Satellite
Companies: Mediapro / Prisa / Sogecable / Telefonica- Movistar / Vivendi
Countries: Spain
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