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Mediaset to outbid Telefonica’s Prisa TV offer?

Mediaset could yet match or exceed the €725 miliion offer Telefonica made last week for Prisa’s pay-TV division, according to Italian reports.

Mediaset is said to have an option with Prisa to match the bid of any buyer. A second option would allow Mediaset to increase its stake to 50 per cent and create a joint venture with Telefonica.

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