For lack of only one week so that it expires the term so that the candidates for the buy of Digitalis + turn his not binding offers in definitive, the possibility that the operation delays until the next year capture body. Sources next to the deal make sure that the absence of financing is making difficult that the buyers could present a proposal that approaches 3.000 millions that Hurry demands.
“Nadie it is ready to move card until the next year, until one sees where the evaluations become stable ”, they tell from one of the companies that it has appeared like bidder.
There is no money to finance operations for 100 million euros, how it is going to be for a deal of approximately 2.000 ”, they argue from a financial institution that advises other of the buyers.
The process has gone flat per moments the same way as some of the big groups mediáticos have made public that were moving back from the bidding. This way it was said by Carlos Slim, proprietor of America and of Telmex, between other big corporations. Also it discarded to present an offer BSkyB, of the mágnate Rupert Murdoch, on having indicated days behind that “las opportunities are now in the United Kingdom ”.
Also, Telecinco has let know to Hurry that will not pay the price requested by the chain of payment. In fact, the group controlled by Mediaset has negotiated with several competitors, between others Phone companhy, to formalize an alliance and to come together to the bidding to reduce his risk. The chain leader in hearing in Spain embarked one year ago in the Endemol buy, therefore it already assumed a high indebtedness.
Sources next to the operation add now that Phone companhy might have decided already not to come to the final auction. In particular, they make sure that the operator requested a report to an investment bank - his adviser is Deutsche Bank - to analyze the suitability of buying Digitalis +. This report was recommending not to acquire the platform of television of payment from a certain price that, according to different sources, does not go on from 1.700 millions.
Phone companhy, which has admitted his interest into the contribution of two million clients of Digitalis +, has denied that the council of administration should have already taken a decision on this matter. In addition to the said companies, also there had been interested by The Bonus groups like Vivendi, Orange, Liberty - also it moved back - and ONO, who happens for a series of internal difficulties that make impossible to him to bid for the Hurry branch.
(Finance, 06-11-08) |