01/22/2021 | Press release | Distributed by Public on 01/22/2021 03:34
French media, telecommunications and entertainment group Vivendi has announced the acquisition of 7.6% of PRISA, the Spanish-speaking world's leading news and education group - and owner of EL PAÍS, Santillana, Cadena SER, Radio Caracol, AS and Los 40 Principales.
According to Vivendi, its strategic investment in PRISA is part of its policy of strengthening its position as a major content, entertainment and media group, with a stronger presence in the Spanish-speaking markets in Europe, Latin America and the United States.
Vivendi's strategy also has very clear synergies with the roadmap drawn up by PRISA, which involves boosting digital education, news and entertainment content.
The Deputy Chair of PRISA, Mr. Joseph Oughourlian, in his capacity as Chairman of the Board, welcomed Vivendi on behalf of the Board of Directors, saying that 'PRISA welcomes the investment of an industrial shareholder such as Vivendi, one which recognizes the value and the potential of PRISA's assets and brands'. Mr. Oughourlian added that 'Vivendi's investment provides the strength and security necessary for PRISA's future project and endows it with an important new ally to successfully see those plans through.'
Mr. Manuel Mirat, CEO of PRISA, spoke of his 'enthusiasm for working closely with Vivendi and its teams, identifying synergies and business opportunities, promoting the creation of quality content to generate value for PRISA shareholders and opportunities for Vivendi and PRISA in Spanish-speaking countries'.