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Turner close to deal to buy Telefe channel - report

Monday 21 March 2016 | 11:16 CET | News
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Turner International is negotiating the purchase of Telefe, a free-to-air channel in Argentina owned by Telefonica, reports La Nacion. Rumours on the deal have been circulating for months, and a deal could soon be agreed, the paper said. The transaction may be announced during the upcoming visit of US President Barack Obama to Argentina. The asking price is between USD 400 million and USD 500 million, according to the paper's sources, and the arrival of Turner could be linked to the cost of sports TV rights.

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Categories: Broadcast & Satellite
Companies: Telefonica
Countries: Argentina
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