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Telefonica SA announces binding offer for acquisition of 22 pct. distribuidora de Televisión Digital, SA owned by Mediaset España Comunicación, SA


Wednesday, 18 Jun 2014 02:00am EDT 

Telefonica SA:Says that it has submitted a binding offer for the acquisition of 22 pct. of the share capital of Distribuidora de Televisión Digital, SA owned by Mediaset España Comunicación, S.A.The acquisition for an amount of 295 mln euro.Additionally, Mediaset would be entitled to receive an amount of 10 mln euro in the event that Telefónica closes the acquisition of the 56 pct. stake of DTS held by Promotora de Informaciones, S.A.in that case, an amount of up to 20 mln euro depending on the evolution of the pay-TV customers in Spain of the Telefónica Group during the four years following the closing of the acquisition by Telefónica of the 56 pct. stake of DTS held by PRISA. 

Company Quote

15.66
-0.07 -0.44%
22 Aug 2014