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VIDEO: Spain's Telefonica Buys Mediaset Espana Stake In Canal+

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Telefonica said on Friday it had agreed to buy the 22 percent stake held by Mediaset Espana in pay-TV firm Distribuidora de Television (DTS), giving full ownership of the TV firm to the telecoms group. Spanish media group Prisa in May agreed to sell 56 percent of DTS, known as Canal+ in Spain, to Telefonica, which already held 22 percent of the company.



VIDEO: France Secures Alstom Stake Option Ahead Of GE Tie-up

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France won an option to buy 20 percent of Alstom from construction group Bouygues on Sunday, in an eleventh-hour deal clearing the way for the agreed sale of Alstom's energy business to General Electric . The government had backed the tie-up on condition that it first secured the Alstom stake from Paris-based Bouygues - leaving less than three days to negotiate an agreement before GE's formal offer expires on Monday. Ministers are determined to maintain influence over a complex deal that parks some Alstom assets deemed strategically important to France within GE-controlled joint ventures.