Mediaset mulling last-minute rival bid for Prisa’s DTS
Spanish media group Prisa may receive a last-minute bid for DTS from Mediaset, despite having reached an agreement to sell its 56% stake to Telefonica, ABC reported.
Prisa announced that it had accepted a EUR 725m offer from the listed Spanish telco on 8 May for its stake in DTS, a pay-TV provider known commercially as Canal+.
According to the ABC report, which cited people with knowledge of the situation, Mediaset is considering tabling a counter offer over the next two weeks, the amount of time Spanish law gives it to submit a rival bid.
Both Mediaset and Telefonica both currently own a 22% stake each in DTS, the item noted.
Source ABC