Spanish PRISA seals $900m deal with Liberty and fails to sell stake in Media Capital

31 Mar 2010

A last-minute deal with U.S.-based special-purpose acquisition company Liberty Acquisition could help to improve Spanish Media Company Prisa financial liquidity in face of a menacing accumulated debt of €4.8 billion. Now, new troubles are arising, since the long announced stake sale of a 35 percent stake in Grupo Media Capital, owner of Portugal´s leading television station to P

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Cristina Costa