Vivendi Buys Stake in PRISA
By Mauro Orru
Vivendi SE said Friday that it is buying a 7.6% stake in Spanish
media conglomerate Promotora de Informaciones SA, known as
The French media giant didn't disclose financial details for the
PRISA is the owner of El Pais, Santillana, Cadena SER, Radio
Caracol, AS and Los 40 Principales.
"Vivendi's strategy has very clear synergies with the roadmap
drawn up by PRISA, involving the development of educational
subscription services as well as news and entertainment content,
and a robust commitment to the digitalization of its products and
brands," Vivendi said.
Write to Mauro Orru at firstname.lastname@example.org; @MauroOrru94
(END) Dow Jones Newswires
January 22, 2021 03:30 ET (08:30 GMT)
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