Telefonica extends $400M offer to acquire DTS

Telefonica (TEF) has offered to buy Mediaset's 22% stake in Distribuidora de Television Digital (DTS) for €295M ($400M). If the deal is signed, Telefonica will become the sole owner of the Spanish pay-TV company.

On June 2, the company agreed to buy a 56% stake in DTS from Prisa for €750M. The agreement is pending regulatory approval, but would increase Telefonica's share in DTS to 78%.

Telefonica is looking to expand its TV business to counteract its contracting phone industry.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs