Telecinco acquires Cuatro and 22% stake in Digital+

MUMBAI: By way of a deal, Spanish broadcaster Telecinco has acquired the free-to-air network Cuatro from Prisa. It has also taken a 22 per cent stake in the pay-TV platform Digital+ for around $1.5 billion in cash and shares.
 
Under the agreement, Prisa will receive about 18.3 per cent of Telecinco‘s equity plus 500 million euros in cash. The move enables Prisa to pay up some of its debt which currently stands at some $7.1 billion. 
 
There is more consolidation pending in Spain‘s free-to-air sector with Antena 3 in merger talks with La Sexta.