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Telefonica offers Mediaset EUR 295 mln for Digital+ stake

Wednesday 18 June 2014 | 10:09 CET | News
Telefonica has offered EUR 295 million to Italian broadcaster Mediaset for its 22 percent stake in Spanish pay-TV platform Digital+. In a statement to Spain's market regulator CNMV, Telefonica said the binding offer may increase by a further EUR 10 million if it completes the purchase of 56 percent of Digital+ from Prisa, and by as much as EUR 20 million more depending on gains in pay-TV customers over the next 4 years. If Mediaset accepts Telefonica's offer, it will also waive a preferential right to acquire Prisa's stake in Digital+, for which Telefonica will pay Mediaset an additional EUR

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Categories: Broadcast & Satellite
Companies: Canal+ / Digital+ / Mediaset / Movistar / Prisa / Telefonica
Countries: Italy / Spain
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