Vivendi Raises Its Stake in Spanish Media Group Prisa to 9.9%
January 25 2021 - 2:49AM
Dow Jones News
By Olivia Bugault
Vivendi SA said Monday that it is increasing its stake in
Spanish media conglomerate Prisa to 9.9%.
"Buying shares in Prisa is part of Vivendi's ongoing strategy to
become a global leader in content, media and communications, while
extending its access to the Spanish-speaking markets in Europe,
Latin America and US Hispanics," the French media giant said.
Vivendi said its move comes after the company acquired a 7.6%
stake in its rival on Friday.
Write to Olivia Bugault at olivia.bugault@wsj.com
(END) Dow Jones Newswires
January 25, 2021 02:34 ET (07:34 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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