Telefonica buys 25% of producer Media Park

By 2000-06-05T01:11:00

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 ...

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