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BSkyB eyes Spain’s Digital+ for $4 billion
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+. |
