Prisa in talks with Liberty Acquisition Holdings

Spanish media group Prisa, owner of pay-TV platform Sogecable, is in talks to sell a stake to Liberty Acquisition Holdings Corp, a special purpose acquisition company based in New York.

Both companies said no agreement had been reach as yet. Prisa is struggling to reduce a debt load of €4.8bn and announced on Tuesday that it was in discussion with international investors to inject between €450m and €600m into the group. It earlier renegotiated repayment dates on a part of its debt with a group of banks.