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
Meagan Kashty is an associate editor of realscreen, an international print and online magazine that covers the non-fiction film and television industries. Meagan is an award-winning business journalist. Prior to joining the realscreen team, Meagan was online editor of Canadian Grocer, named Magazine of the Year at the 2015 Canadian Business Media Awards. She can be reached at mkashty@brunico.com, and you can follow her on Twitter @MegKashty

Menu

Search