Antena 3 completes laSexta takeover

Iñaki Ferreras ©RapidTVNews | 28-01-2012

The takeover of laSexta by Antena 3 has finally been completed, a month after it was announced.

The new group will control up to eight DTT channels: Antena 3, Neox, Nova, Nitro, laSexta, laSexta 2, laSexta 3 and the current channel laSexta has loaned to Gol TV. IT will also control 42% of Spain's TV advertising market.
The operation gives laSexta 14% of the new group's shares.
In the next few weeks the project will be passed in front of the boards of directors of both companies for approval. In order to give laSexta the green light in Antena 3's shareholding, Antena 3 will extend its capital to 15,8 million shares. At the same time Antena 3 will absorb up to 122 million euros of laSexta's debt.