{"id":3683,"date":"2011-12-15T00:00:00","date_gmt":"2011-12-15T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tveurope\/2011\/12\/15\/la-sexta-antena-3-firm-up-merger-agreement\/"},"modified":"2011-12-15T00:00:00","modified_gmt":"2011-12-15T00:00:00","slug":"la-sexta-antena-3-firm-up-merger-agreement","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tveurope\/2011\/12\/15\/la-sexta-antena-3-firm-up-merger-agreement\/","title":{"rendered":"La Sexta &amp; Antena 3 Firm Up Merger Agreement"},"content":{"rendered":"<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">MADRID: After two years of talks, the Spanish broadcasters Antena 3 and La Sexta have agreed to a merger deal, pending regulatory approval. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">The deal sees the smaller La Sexta absorbed into the Antena 3 Group. Shareholders of La Sexta will receive 7 percent of the newly formed group, with an additional 7-percent maximum in a graduated manner and subject to the achievement of a series of targets linked to the results of the new group in the 2012-2016 period. Televisa  agreed to swap its 40.8-percent stake in La Sexta for 14.5 percent  of Imagina, which is already a shareholder in La Sexta. Its stake will  increase Imagina&rsquo;s stake in La Sexta to 92 percent. The move comes a year after Mediaset-owned commercial broadcaster Telecinco acquired smaller rival Cuatro in December 2010.<\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">The deals rest on regulatory and competition approval. Antena 3 intends to submit the operation for approval at its next Ordinary General Shareholders&#8217; Meeting, to be held in the first quarter of 2012. <\/span><\/span><\/p>\n<p><span style=\"font-size: small\"><span style=\"font-family: Verdana\">&nbsp;<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MADRID: After two years of talks, the Spanish broadcasters Antena 3 and La Sexta have agreed to a merger deal, pending regulatory approval. The deal sees the smaller La Sexta absorbed into the Antena 3 Group. Shareholders of La Sexta will receive 7 percent of the newly formed group, with an additional 7-percent maximum in &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-3683","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>La Sexta &amp; Antena 3 Firm Up Merger Agreement<\/title>\n<meta name=\"description\" content=\"La Sexta &amp; Antena 3 Firm Up Merger Agreement . MADRID, December 15: After two years of talks, the Spanish broadcasters Antena 3 and La Sexta have agreed to a merger deal, pending regulatory approval. . 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