By Reuters Staff
(Adds details on transaction and Friday acquisition)
PARIS, Jan 25 (Reuters) - French media conglomerate Vivendi said on Monday it had raised its stake in Spanish rival Prisa, the owner of Spain’s influential El Pais newspaper and other media assets, to 9.9% from 7.6%.
On Friday, Vivendi had announced it had bought the 7.6% stake, saying the move responded to the group’s strategy to become “a global leader in content, media and communications” and to extend its reach in the Spanish-language markets in Europe, Latin America and United States.
Vivendi said it bought the stake hours after HSBC had agreed to sell a 7.89% stake in Prisa for 52 million euros ($63.3 million).
Vivendi se cuida de no forzar el escudo anti-OPA en su desembarco en Prisa
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Mercado continuo: los tres mejores valores Duro Felguera Gam Prisa
estrategiasdeinversion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from estrategiasdeinversion.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
(Adds details on transaction and Friday acquisition)
PARIS, Jan 25 (Reuters) - French media conglomerate Vivendi said on Monday it had raised its stake in Spanish rival Prisa, the owner of Spain’s influential El Pais newspaper and other media assets, to 9.9% from 7.6%.
On Friday, Vivendi had announced it had bought the 7.6% stake, saying the move responded to the group’s strategy to become “a global leader in content, media and communications” and to extend its reach in the Spanish-language markets in Europe, Latin America and United States.
Vivendi said it bought the stake hours after HSBC had agreed to sell a 7.89% stake in Prisa for 52 million euros ($63.3 million).
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vozpopuli.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vozpopuli.com Daily Mail and Mail on Sunday newspapers.