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Telefonica close to buying Prisa's Digital+ stake - report
2014-03-06 08:29:00| Telecompaper Headlines
(Telecompaper) Telefonica is close to finalising a deal to acquire Spanish media group Prisa's controlling 56 percent stake in pay-TV platform Digital+ for around EUR 800 million, reports Bloomberg, citing unnamed sources close to the matter. Although an agreement for the cash deal appears to be imminent, Prisa still needs to give final approval. Last week the Spanish media company said its 2013 net loss widened to EUR 648.7 million from EUR 255 million a year earlier. On 25 February Prisa had given fellow shareholders Telefonica and Italian broadcaster Mediaset, each of which own a 22 percent stake in Digital+, a 15-day term to decide whether to bid for Prisa's share. According to one of the sources, Telefonica has been weighing up its options, including the possibility of teaming up with Mediaset or with Al Jazeera to buy the asset. The acquisition of Digital+ would enable the operator to access Prisa's TV catalogue, including its rights to live Spanish football games, above all the highly lucrative Barcelona-Real Madrid 'classic'. In addition, it would enable Telefonica to reach areas of rural Spain not currently covered by its ADSL and fibre broadband network.
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Q&A: Buying your first car? Follow these tips
2014-03-06 03:04:50| Auto Dealers - Topix.net
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UK: Harvey Nichols names Barr as fashion buying director
2014-03-05 18:25:00| Daily apparel & textile news and comment - from just-style.com
UK luxury fashion retailer Harvey Nichols has named former AllSaints gobal product merchandising director Anita Barr as its new group fashion buying director.
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Whirlpool: A Long-Term Buying Opportunity In A Dividend Stock
2014-03-05 10:55:06| Appliances - Topix.net
I find Whirlpool Corp. stock to be a rare combination of value and growth dividend stock.
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Facebook Floats Idea of Buying Drone Maker
2014-03-04 21:58:43| TechNewsWorld
Facebook reportedly is in talks to buy drone maker Titan Aerospace to bolster Internet.org, the project that aims to provide Internet connectivity everywhere in the world. Facebook, which is one of the main backers of Internet.org, may buy Titan for $60 million. Titan builds near-orbital solar-powered drones that can fly for five years before needing to land.
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