Italy: the Spanish Telefonica group acquires 11.1% of Mediaset Premium shares for €100 million

News Tank Football - Paris - News #31391 - Published on 14/01/15 at 18:15
©  Mediaset
©  Mediaset

The Spanish group Telefonica Telecommunications (through its subsidiary Telefonica de Contenidos) has finalised its acquisition of an 11.1% stake in Mediaset Premium SpA, announced Telefonica and the Italian broadcasting group Mediaset on 13/01/2015. The amount of the transaction should be around €100m, based on an equity value of Mediaset Premium set at €900m.

Mediaset Premium is the subsidiary of group of Silvio Berlusconi, dedicated to pay-TV. Its channels notably include Premium Calcio Premium, which broadcasts the Serie A in Italy until the end of the 2017-18 season. Telefonica will be represented on the Board of Directors of Mediaset Premium by Velo Puig-Durán. The board will also include Franco Ricci, CEO of Mediaset Premium and Marco Giordani, its president.

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The opening of the capital of Mediaset Premium to new investors and the upcoming reunification of its pay-TV operations with those of Mediaset Espana come in a context where the rival 21st Century Fox audiovisual group is working on…

©  Mediaset
©  Mediaset

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