Skip navigation

 Login or Register | Member Centre

News from Reuters

BSkyB mulls $4 billion bid for Spain's Digital Plus-FT

04/07/08

LONDON (Reuters) - British pay-TV firm BSkyB is considering a bid of more than 2.5 billion euros ($4 billion) for Spanish pay-TV platform Digital Plus, the Financial Times said on Friday.

The newspaper quoted people familiar with the situation as saying there had been no decision to proceed, but that BSkyB's strong cash flow could allow it to finance an acquisitions.

It said Grupo Prisa, Spain's largest media company, was expected to auction Digital Plus later this year, probably from around September, to repay debts.

Spanish groups Telefonica and ONO, France's Vivendi and French Telecom's Orange unit were also likely to be interested, it said.

BSkyB was not immediately available for comment.

(Reporting by Mark Potter)

© Reuters Limited. All Rights Reserved.
Reproduction or redistribution of Reuters content, including framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.


Elsewhere on this site

Back to top