Indiantelevision.com's > Digital Edge > BSkyB eyes Spain’s Digital+ for $4 billion
Indiantelevision.com's
Digital Edge
BSkyB
eyes Spain’s Digital+ for $4 billion
Indiantelevision.com
Team
(4 July 2008 8:00 pm)
MUMBAI: British Sky Broadcasting (BSkyB),
the British pay-TV firm, is planning to
make a bid of more than 2.5 billion euros
($4 billion) for Spanish pay-TV platform
Digital+, according to media reports.
BSkyB
is looking at the group as it seeks to build
its presence in continental Europe. Spanish
media group Promotora de Informaciones SA
(or Prisa), which owns Digital+ are expected
to auction Digital+ later this year in order
to repay debts.
BSkyB’s
strong cash flow and backing of parent company
News Corp will enable it to finance the acquisition
without difficulty, reports say.
According
to the Financial Times, Spanish groups Telefonica
and ONO, France's Vivendi and France Telecom's
Orange unit may also be interested in buying
Digital+.
