News

de Mol gets back to his roots

Telefónica, the Spanish broadcaster that held a 99.7% stake in Endemol Investment Holding (which indirectly owns 75% of Endemol), recently signed an agreement to sell its stake to a newly incorporated vehicle.
July 1, 2007

Telefónica, the Spanish broadcaster that held a 99.7% stake in Endemol Investment Holding (which indirectly owns 75% of Endemol), recently signed an agreement to sell its stake to a newly incorporated vehicle.

Said vehicle is equally owned by Mediacinco Cartera, a new entity owned by Italy’s Mediaset; GS Capital Partners VI Fund, a Goldman Sachs fund; and Cyrte Fund II, an investment vehicle in which Endemol co-founder John de Mol has a share.

The deal is priced at €2.6 billion (US$3.5 billion), which represents a capital gain of nearly €1.4 billion ($1.9 billion) for Telefónica. The agreement also requires that the consortium will make an unconditional bid for the remaining 25% of Endemol as soon as the deal is finalized.

About The Author
Daniele Alcinii is a news reporter at realscreen, the leading international publisher of non-fiction film and television industry news and content. He joins the rs team with journalism experience following a stint out west with Sun Media in Edmonton's Capital Region, and communications work in Melbourne, Australia and Toronto. You can follow him on Twitter at @danielealcinii.

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