Telefonica offers to buy additional stake in Digital Plus

2014-06-18 41

Telefonica has offered 295 million euros for Mediaset Spain’s 22% stake in pay-TV business Digital Plus.

This latest deal comes after a previous offer in May of 725 million euros for a 56% stake in Digital Plus owned by Spanish media company Prisa.

Prisa accepted the offer but it is waiting for regulatory approval.

If the deal goes through it would give Madrid-based Telefonica full control of Digital Plus, which owns the rights to Spain’s lucrative La Liga football league.