Cable and telecom group Altice is in ‘exploratory discussions’ with Iberian media group Prisa to take over the parent company of Portuguese national broadcaster TVI. Confirming the talks following a request by the Portuguese Securities Market Commission, the Commissão do Mercado de Valores Mobiliários, Altice said that it was discussing the potential acquisition of Prisa’s […]
CNBC and Prisa have struck a content deal whereby the former’s news content will be distributed across the websites of Prisa-owned newspapers El Pais and Cinco Dias. NBCUniversal-owned news net CNBC will seed its short form business and current affairs video across the sites. It will appear in its original English-language form with Spanish subtitles. […]
Telefónica has closed its acquisition of Prisa’s 56% stake in France pay TV outfit Canal+ following approval of the deal by the country’s competition watchdog, the CNMV. Telefónica will pay €706.8 million (US$797 million) for the stake, giving it 100% control of the operation. The operator has already transferred 80% of the total, or €565.4 […]
The European Commission is to leave a decision on the acquisition of Canal+ España by Telefónica to Spanish competition watchdog the CMNC. The development comes as the CEO of Vodafone Spain warned of the risk of Telefónica gaining a dominant position in the pay TV market in the country through the deal. The CNMC’s chairman […]
Mediaset executive vice-president Piersilvio Berlusconi has given the strongest indication yet that his group will sell its 22% stake in Spain’s Canal+ to Telefónica ahead of Friday’s deadline, possibly as part of a wider strategic agreement with the Spanish telco. Speaking to journalists at a presentation of the group’s autumn schedules, Berlusconi said that, while […]
Prisa and Telefónica have definitively agreed the sale of Prisa’s 56% stake in pay TV platform Canal+’s holding company to the Spanish telecom giant for €750 million. The agreement follows Prisa’s acceptance in principal of Telefónica’s offer to buy the majority stake in the platform on May 7. The deal will give Teleféonica, which already […]
Spanish media group Prisa has accepted Telefónica’s €725 bid for its 56% stake in pay TV platform Canal+’s holding company Distribuidora de Televisión Digital (DTS). The deal gives DTS a market value of €1.3 billion (US$1.8 billion) and, if approved by regulators, will give the telecom company a controlling stake of 78%, leaving Italy’s Mediaset […]
Shares in Prisa have surged on reports that Telefónica is close to signing a deal to take a controlling stake in the Spanish media group’s pay TV arm for €800 million (US$1.1 billion). Separately, the telco yesterday relaunched its TV offering under the Movistar Fusión TV brand. According to Bloomberg, Telefónica could take a 56% […]
European pay TV giant Mediaset has begun exploring how if it is able to consolidate and develop its operations in Italy and Spain into a single entity. The boards of Mediaset in Italy and Telecinco owner Mediaset España have given permission for an evaluation into a consolidation plan. They are looking at launching a new […]
