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Telefonica bids EUR 725 mln for controlling Digital+ stake
2014-05-07 09:09:00| Telecompaper Headlines
(Telecompaper) Telefonica has informed Spain's market regulator CNMV that it has made a EUR 725 million binding bid for the controlling 56 percent stake in Spanish pay-TV platform Digital+ held by local media group Prisa. Telefonica already owns 22 percent of Digital+, while the remaining 22 percent is in the hands of Italian broadcaster Mediaset. The deal is pending regulatory approval but if it goes through Telefonica would acquire a large customer base in the form of the 1.6 million subscribers to Spanish pay-TV channel Canal+. These customers, who pay an average EUR 43 per month in subscription fees, could subsequently be transferred to Telefonica's growing fibre optic network. The acquisition of Digital+ would also give the operator access to Prisa's TV catalogue, including its rights to live Spanish football games, above all the highly lucrative Barcelona-Real Madrid 'classic'.
Tags: digital
eur
controlling
bids
The Michelin Group acquires minority stake in fuel cell company Symbio FCell
2014-05-06 15:31:43| Green Car Congress
just Five Years Ago: Coca-Cola Co buys a stake in Innocent
2014-05-02 11:37:00| Daily beverage news and comment - from just-drinks.com
Five years ago, the Coca-Cola Co signalled its first move to take a chunk of UK smoothie producer Innocent. The stake purchase would eventually lead, four years later, to Innocent giving up 100% of the company to the US soft drinks giant.
Sinopec to acquire 15% stake in Petronas Canadian LNG project
2014-05-01 01:00:00| Hydrocarbons Technology
China Petrochemical Corporation (Sinopec) and its partner China Huadian have agreed to purchase liquefied natural gas (LNG) from a Canada-based LNG project operated by Malaysian oil and gas firm Petronas.
Tags: project
canadian
acquire
stake
SINGAPORE: Fraser and Neave pays US$16.7m for Yoke Foods stake
2014-04-29 19:17:00| Daily beverage news and comment - from just-drinks.com
Fraser and Neave (F&N) has bought a 70% stake in Malaysian canned beverage maker Yoke Food Industries for SGD21m (US$16.7m).
Tags: pays
singapore
foods
stake
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