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The price of Liberty

16 September 2010 By Fiona Maharg-Bravo

The indebted Spanish media group is to sell a 58 pct stake to U.S. investor Liberty for 680 mln euros. The deal is cheap for Liberty. For Prisa investors, the dilution is harsh. But Prisa’s problems are advanced, and a small stake in a rescued business is better than wipe out.

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