Beleaguered Prisa, which is struggling with a huge debt pile, is controlled by activist fund Amber Capital which is led by French investor Joseph Oughourlian.
PARIS: French media conglomerate Vivendi has raised its stake in Spanish rival Prisa to 9.9% from 7.6%, Vivendi said on Monday.
"Buying shares in PRISA is part of Vivendi's ongoing strategy to become a global leader in content, media and communications, while extending its access to the Spanish-speaking markets in Europe, Latin America and US Hispanics," Vivendi added in a statement.
Beleaguered Prisa, which is struggling with a huge debt pile, is controlled by activist fund Amber Capital which is led by French investor Joseph Oughourlian.
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