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
Barry Walsh is editor and content director for realscreen, and has served as editor of the publication since 2009. With a career in entertainment media that spans two decades, prior to realscreen, he held the associate editor post for now defunct sister publication Boards, which focused on the advertising and commercial production industries. Before Boards, he served as editor of Canadian Music Network, a weekly music industry trade, and as music editor for HMV.com. As content director, he also oversees the development of content for the brand's market-leading events, the Realscreen Summit and Realscreen West, as well as new content initiatives.

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