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Mediaset acquires Telefonica's 11% stake in Premium unit
2017-06-20 08:30:00| Telecompaper Headlines
(Telecompaper) Italian commercial broadcaster Mediaset has announced the acquisition of an 11.1 percent stake in its pay-TV unit Mediaset Premium from Spain's Telefonica for an undisclosed amount. The Spanish group acquired the stake in 2014 for EUR 100 million but has always been regarded as a passive shareholder, especially since French media giant Vivendi pulled out of a deal to take over Premium, prompting a full-scale legal battle with Mediaset, which is seeking EUR 1.5 billion damages in the case. In a short statement, Mediaset simply confirmed the acquisition and said it now owned 100 percent of Premium shares.
Tags: premium
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Category:Telecommunications
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