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Prisa Accepts Telefonica's $1B Offer For Digital Plus Stake

By Chelsea Naso ( May 8, 2014, 2:09 PM EDT) -- Spanish media company Promotora de Informaciones SA, or Prisa, agreed late Wednesday to sell its stake in local television provider Digital Plus to Telefonica SA for €725 million ($1 billion), expanding Telefonica's ability to offer cable television and telephone services in the country. . . .

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