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 Â450m and Â600m into the group. It earlier renegotiated repayment dates on a part of its debt with a group of banks.
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