Mediaset may match Telefonica's bid for 56% stake in Digital Plus - report
Mediaset, the listed, Italian media group, could try to match the offer made by Spanish telco Telefonica for a 56% stake in the Spanish pay TV operator Digital Plus, an unsourced article by Italian-language daily Il Sole 24 Ore reported.
The item said Mediaset has 15 days to match the EUR 750m offer, already accepted by the vendor, Spanish publication group, Prisa.
The report noted that Mediaset already holds 22% of Digital Plus via its Mediaset Espana subsidiary.
The report said another option for Mediaset to pursue would be to offer slightly more cash to buy the stake in order to get a better deal than Telefonica. The item said that a further option would be to make a deal with Telefonica where both the parties would get a 50% stake each in Digital Plus.
The article noted that further options for Mediaset include to remain in Digital Plus with its present stake or sell the stake, which are seen as unlikely.
Source Il Sole 24 Ore