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Deal snapshot: TELEFONICA UNVEILS DEVELOPMENT IN DEAL FOR PRISA'S DTS STAKE.

MANews-(C)2009-2014

Spain's Telefonica SA (BME:TEF), which agreed in early June to buy Promotora de Informaciones SA's (BME:PRS), or Prisa, 56% in TV company Distribuidora de Television Digital SA (DTS), announced an extension until 4 July to the period allowed to DTS' shareholder Mediaset Espana Comunicacion SA (BME:TL5) to exercise its pre-emption and tag along rights over Prisa's stake provided under a shareholder accord.

Country: Spain

Sector: Media

Target: Distribuidora de Television Digital SA

Buyer: Telefonica SA

Vendor: Mediaset Espana Comunicacion SA, Promotora de Informaciones SA (Prisa), Mediaset SpA

Deal size in USD: 483.1m, 1bn

Type: Corporate acquisition

Status: Agreed, Bidding

Comment: The USD1bn deal size refers to agreed deal with Prisa.

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Publication:M & A Navigator
Date:Sep 29, 2014
Words:117
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