French television company Canal+ said on Tuesday that it had acquired a 70% stake in media company SPI International, a global media company operating 72 TV channels.
“We have set ourselves the goal of reaching a minimum of 30 million subscribers by 2025, and SPI International will certainly be a key asset in achieving this ambition,” Canal+ CEO Maxime Saada said in a statement.
The financial details behind the transaction were not disclosed.
Source: Reuters.com