MADRID, Nov 21 (Reuters) - Telefonica is planning to pay 400 million euros ($594.1 million) or 450 million for a 20-percent stake in indebted media group Prisa's pay TV unit Digital+, press reports said on Saturday.
Europe's biggest telecom firm has been in talks to buy the stake for months, and Spanish newspapers said Telefonica could make a final decision next week, citing sources familiar with the deal.
El Economista put a price tag of 400 million euros on the 20-percent stake, while fellow business daily Expansion estimated it would cost 450 million.
Prisa has been selling assets to try to pay off some of its 5 billion euro debt pile and reshape its media business.
The media group rejected a joint bid from Telefonica and Viviendi for Digital+ last year as too low.
Telefonica has since said it is still interested in a minority stake in Digital+ with a partner. But it is not now clear whether it might buy a stake alone or in concert.
(Reporting by Martin Roberts; editing by James Jukwey) ($1=.6733 Euro) Keywords: TELEFONICA PRISA/

(martin.roberts@thomsonreuters.com; +34 91 585 2130; Reuters Messaging: martin.roberts1.reuters.com@reuters.net)

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