In 2006 Prisa made a public acquisition bid on 20% of Sogecable's actions to increase its participation up to almost 50%. Prisa increased its stake above the 50% mark in late 2007, triggering a mandatory (by Spanish law) bid for the remainder of the shares.[1] At the close of the offer period on 12 May 2008, Prisa announced that it held over 95% of Sogecable's share capital.
