Altice in talks over TVI owner Media Capital

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 strike content deal

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. […]

Telefonica completes Canal+ Spain takeover

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 […]

EC leaves Canal+ call to local watchdog

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 set to offload Canal+ stake

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 […]

Telefónica seals €750m deal for Canal+ Spain

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 […]

Telefonica’s €725m Spanish pay TV takeover offer accepted

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 […]

Prisa relaunches TV offer amid $1.1bn takeover reports

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% […]

Mediaset explores Euro consolidation plan

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 […]