Spanish media outfit Prisa is to merge with US-based investment company Liberty Acquisition Holding as part of a deal that will see it receive a Â660m cash injection.
The move will also see Prisa, which operates Spanish pay-TV operator Digital Plus and commercial broadcaster Cuatro, float on the New York Stock Exchange. Prisa’s current owners the Polanco family will see their stake halve from 70% to 35% as part of the arrangement, which is expected to close over the next few months.
Prisa sold a 20% stake in Digital Plus to Spanish telco Telefonica in November and also sold a 22% stake in Digital Plus and a majority stake in its free-to-air network Cuatro to Spanish broadcaster Telecinco in December so that it could pay down its debts.
US$100 billion in SVOD revenues by 2025 digitaltveurope.com/2020/09/28/us1…
28 September 2020 @ 10:01:41 UTC
DTVE: the week in view – Six more months of COVID-19 restrictions – where does sports broadcasting go from here?… twitter.com/i/web/status/1…
27 September 2020 @ 19:00:01 UTC
ICYMI: MásMóvil denies contact with Vodafone over possible Spanish merger digitaltveurope.com/2020/09/25/mas… https://t.co/8KvttpnrMC
27 September 2020 @ 17:00:01 UTC