Prisa still in talks to sell Digital+ to Vivendi, Telefonica

Monday 8 December 2008 | 10:45 CET | News
Spanish media group Prisa announces that talks to sell its satellite pay-TV business Digital Plus are continuing with Vivendi and Telefonica who are making a joint bid. Prisa's CEO Juan Luis Cebrian told a shareholders meeting that no deadline for the sale has been established, the Financial Times reports. People close to the negotiations told the paper that Prisa is urgently seeking to make the sale in order to reduce its EUR 4.8 billion debt burden. In the latest round of talks, Prisa has argued that Digital Plus is worth up to EUR 3 billion, although Vivendi and Telefonica are offering EUR

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Categories: Broadcast & Satellite
Companies: Prisa / Telefonica- Movistar / Viveole
Countries: Spain
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