Shares in the Spanish media group Prisa and the pay-TV operator Sogecable were suspended this morning, according to the stock market regulator CNMV.
In recent weeks speculation over a possible takeover of Sogecable has been increasing as Prisa has grown its stake in the operator. Prisa currently has a 47.08% stake in Sogecable, which operates the Digital+ pay-TV platform. Telefonica has also been linked with the company.
Prisa is scheduled to hold a press conference after the market closes this evening (Thursday).