Cyfrowy Polsat to acquire Midas?

Poland's largest media group, Cyfrowy Polsat may be taking over some PLN 900 million worth telecommunications company Midas , Parkiet daily reported. As the debt of the media group  is valued at PLN 13 billion, Cyforwy Polsat will most likely purchase Midas with its own new securities. The possible transaction may be announced next year, when Polsat will refinance its outstanding debt. The media group's managers believe that the merger will have a strategic importance to the company, the daily informed. Such firms as Aero 2 and Mobyland are included in Midas.