Media Capital attracts interest from Altice; price tag up to EUR 500m - report (translated)
Altice [ATC NA: ATCB NA] has renewed its interest in acquiring Media Capital [ELI:MCP], the Portuguese media group owning television channel TVI, reported Eco.
Sources said Altice is considering an offer for Media Capital but is yet to make a final decision.
Altice was said to be eyeing Media Capital at the end of 2016 but this was denied at the time by the French group. Media Capital is valued at EUR 211m but owner Prisa [BME:PRS] of Spain puts a higher valuation of between EUR 300 - EUR 500m on its Portuguese unit, a potential deal-breaker, the report said.