Jean-Bernard Lévy, the director of the company of means French Vivendi, have confirmed that negotiations do not exist for the Sogecable buy. Of visit New York, where it took part in a presentation organized by Goldman Sachs, Lévy was declared by him that Vivendi is not negotiating at present a possible Sogecable buy, and of the German group Premiere, since these assets “no seem attractive to us at the moment ” not also.

The Spanish company has been an object of a change of recommendation on the part of UBS, which it has raised to the value to sell to neutral. Nevertheless, the objective price has turned out to be reduced up to 26 euros (from the 28 previous euros). They think that the punishment that has received the action might be already excessive. Also, they believe that the agreement with Mediapro on the emission of parties of League is more next than it is thought.

The investors begin to worry and the Sogecable quotation accumulates a loss of 8,3 % in the year, attributable almost in its entirety to the battle that it frees with Mediapro.

When the Catalan operator Mediapro announced last July 5 that had acquired the television rights of almost all the teams of the First and Second division from the period 2009/2010, Sogecable was quoting to 30,79 euros for action, with a capitalization for 4.236 million euros. On Wednesday it closed to 24,74 euros and his value in Stock Exchange was 3.403 euros. This supposes that from the beginning of the 'war of the soccer', Sogecable costs 833 million euros less.


(Several, 20/09/07)