Movistar+ offer to acquire 295 million euros for 22% of Canal + in the hands of Mediaset Spain. On July 4, 2014, Mediaset Spain accepted the offer to purchase 22% of Canal + Telefónica. The April 22, 2015, the CNMC gave its approval to the sale of Canal + to Telefónica. After this, Canal + began the process of merger with Movistar TV the July 7, 2015, which resulted in Movistar +. After the merger, Telefónica retained Canal+'s VOD service, launched in 2011. It is available on Android, Apple devices, the web, Smart TV (Samsung and LG), PS3/PS4 and Xbox. Movistar+
Power Corporation of Canada in 2000 with the acquisition of Canada Life, Mackenzie Financial and Putnam Investments. Power Corporation owns 100% of Square Victoria Communications Group and 65.6% of Power Financial Corporation. While it was originally established as an electric utility holding company, the company became a conglomerate with major interests in the finance industry, as well as interests in other business sectors such as communications and renewable energy. The Co-Chief Executive Officers are Paul Desmarais, Jr. and André Desmarais. As a holding company, the officers run the companies through the various Boards. Responsible management has long been a corporate value at Power Corporation.