Telefónica seeking full control of Digital+

June 6, 2014 10.29 Europe/London By Julian Clover

Edicifio Prisa TvTelefónica is in negotiations with Mediaset with a view to acquiring the 22% in Distribuidora de Televisión Digital (Canal+) it doesn’t already own.

Bloomberg reported that the Spanish telco was prepared to spend up to €350 million for the 22% of the company it doesn’t already own.

The purchase of the first tranche of 56% of the Canal+-branded platform remains conditional on the approval of the competition authorities.

Telefonica has so far paid Prisa €725 million offer for its stake in the Spanish pay-TV operation.