Telefonica buys 25% of producer Media Park
Spanish telecoms giant Telefonica has acquired a 25% stake in Barcelona-based content producer and broker Media Park in a transaction worth a reported $60m (pts10,500m). The shares will be managed by Telefonica subsidiary Telefonica Media. Local reports suggest that Telefonica paid as much as five times what Media Park shares were valued just weeks earlier. As a possible explanation analysts point to political motives for Telefonica's entrance into Media Park, a move which comes ...
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