Grupo Prisa and Liberty drive Prisa Digital

Grupo Prisa and Liberty Acquisition Holdings have announced a combination of the two companies and a rights issue reserved for current Prisa shareholders by Grupo Prisa, resulting in a cash infusion of up to $900 million in Prisa. Grupo Prisa is the leading Spanish and Portuguese-language media group whose interests include news, entertainment, education and digital enterprises in Spain, Portugal, Brazil and Hispanic Latin America.

"The combination with Liberty will allow Prisa to optimise the deleveraging of its balance sheet, and will facilitate the completion of previously announced asset sales," said Grupo Prisa Chief Executive Officer Juan Luis Cebrian. "As a result of the transaction and of the E50 million rights issue offered to our current shareholders, Prisa believes it will emerge in a stronger position to pursue growth opportunities in its core businesses in Spanish and Portuguese-speaking markets around the world."