Spanish stock market regulator CNMV has approved the takeover of Sogecable by media house Prisa.
Last December Prisa launched an all cash bid for the 53% of the company it did not already own, putting a price on the company of €28 per share.
Sogecable operates the Digital+ DTH platform and the free-to-air channel Cuatro.
Prisa currently holds 50.07 of Prisa following last month’s purchase of 2.95% from Corte Ingles’ Eventos SA.
