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Telefonica offers Mediaset EUR 295 mln for Digital+ stake
2014-06-18 10:09:00| Telecompaper Headlines
(Telecompaper) Telefonica has offered EUR 295 million to Italian broadcaster Mediaset for its 22 percent stake in Spanish pay-TV platform Digital+. In a statement to Spain's market regulator CNMV, Telefonica said the binding offer may increase by a further EUR 10 million if it completes the purchase of 56 percent of Digital+ from Prisa, and by as much as EUR 20 million more depending on gains in pay-TV customers over the next 4 years. If Mediaset accepts Telefonica's offer, it will also waive a preferential right to acquire Prisa's stake in Digital+, for which Telefonica will pay Mediaset an additional EUR 30 million. Earlier this month Telefonica said it had closed the purchase of the 56 percent stake in Digital+ owned by Prisa for EUR 750 million to raise its stake in the broadcaster to 78 percent, a deal which is still subject to regulatory approval. Buying Mediaset's stake would give it full control of Digital + and greater flexibility in integrating TV content into its Movistar Fusion convergent packages. The acquisition of Digital+ brings with it a large customer base in the form of the 1.6 million subscribers to pay-TV channel Canal+ and gives Telefonica access to Prisa's TV catalogue, including its rights to live Spanish football games.
Tags: digital
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Noble Energy acquires 50% stake in BP's exploration leases in Gulf of Mexico
2014-06-18 01:00:00| Offshore Technology
US-based energy company Noble Energy has entered into an agreement to acquire ownership in 17 deepwater exploration leases in the Gulf of Mexico from BP Exploration & Production.
Govt may sell 5 percent stake in SAIL - sources
2014-06-17 16:06:59| Steel - Topix.net
India's new government could sell a 5 percent stake in state-run Steel Authority of India Ltd , with a final decision expected next week, two sources directly involved in the process told Reuters.
Tags: sell
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stake
Shell cuts its stake in Woodside
2014-06-17 03:38:39| BBC News | Business | UK Edition
Energy giant Royal Dutch Shell cuts its stake in Australia's Woodside in a share sale that will bring it $5bn.
Tags: shell
cuts
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woodside
Air NZ ups Virgin Australia stake to maximum
2014-06-17 03:28:35| Airlines - Topix.net
Air New Zealand, the national carrier, has increased its cornerstone shareholding in Virgin Australia to the maximum allowed under that nation's foreign investment rules.
Tags: air
maximum
australia
ups
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