Telepiu ends search for partner

Financial candidates must add 'content or strategic support'

MILAN — Italy’s dominant pay TV operator Telepiu ended its search for a financial partner, after the country’s electricity producer and distributor ENEL failed to buy a 30% stake in the Canal Plus Italian subsidiary, French newspaper La Tribune reported Tuesday.

“We are no more looking for partners, unless they can bring us some added value in terms of content or strategic support,” Michel Thoulouze, the head of Canal Plus’ international businesses, said.

This condition will strongly reduce the number of Italian candidates which could join Telepiu, and will leave Canal Plus virtually alone in controlling the Milan-based TV company.

More Biz

  • Sumner Redstone

    Sumner Redstone's Ex-Girlfriend Fights With Nurse For Access to Secret Tapes

    MILAN — Italy’s dominant pay TV operator Telepiu ended its search for a financial partner, after the country’s electricity producer and distributor ENEL failed to buy a 30% stake in the Canal Plus Italian subsidiary, French newspaper La Tribune reported Tuesday. “We are no more looking for partners, unless they can bring us some added […]

  • Disney-Fox Deal Sets Up Scramble for

    Disney-Fox Deal Unleashes Flood of Free-Agent Executives, Talent

    MILAN — Italy’s dominant pay TV operator Telepiu ended its search for a financial partner, after the country’s electricity producer and distributor ENEL failed to buy a 30% stake in the Canal Plus Italian subsidiary, French newspaper La Tribune reported Tuesday. “We are no more looking for partners, unless they can bring us some added […]

  • Paul Haggis Lawsuit

    Paul Haggis Hit With Lawsuit for Alleged Rape, Claims a $9 Million Shakedown

    MILAN — Italy’s dominant pay TV operator Telepiu ended its search for a financial partner, after the country’s electricity producer and distributor ENEL failed to buy a 30% stake in the Canal Plus Italian subsidiary, French newspaper La Tribune reported Tuesday. “We are no more looking for partners, unless they can bring us some added […]

  • Sirius Logo

    SiriusXM Hit With Big Rate Hike by Copyright Royalty Board

    MILAN — Italy’s dominant pay TV operator Telepiu ended its search for a financial partner, after the country’s electricity producer and distributor ENEL failed to buy a 30% stake in the Canal Plus Italian subsidiary, French newspaper La Tribune reported Tuesday. “We are no more looking for partners, unless they can bring us some added […]

  • Warner Music Group Logo

    Warner Music Taking Disciplinary Action Against Exec VP Jeff Fenster for Sexual Harassment

    MILAN — Italy’s dominant pay TV operator Telepiu ended its search for a financial partner, after the country’s electricity producer and distributor ENEL failed to buy a 30% stake in the Canal Plus Italian subsidiary, French newspaper La Tribune reported Tuesday. “We are no more looking for partners, unless they can bring us some added […]

  • Leonardo Da Vinci Salvator Mundi Auction

    How a Restored da Vinci Became the Most Expensive Artwork Ever

    MILAN — Italy’s dominant pay TV operator Telepiu ended its search for a financial partner, after the country’s electricity producer and distributor ENEL failed to buy a 30% stake in the Canal Plus Italian subsidiary, French newspaper La Tribune reported Tuesday. “We are no more looking for partners, unless they can bring us some added […]

More From Our Brands

Access exclusive content