Italy/Germany: Berlusconi's Mediaset wants to buy ProSiebenSat.1
Mediaset, the company owned by former Italian Prime Minister Silvio Berlusconi, is considering a bid for the German broadcasting group ProSiebenSat.1. The decision is expected next Tuesday.
Mediaset, the company owned by former Italian Prime Minister Silvio Berlusconi, is considering a bid for the German broadcasting group ProSiebenSat.1. The decision is expected next Tuesday.
As reported by SDA on Friday, the Board of Directors will examine the possibility of an offer for 50.5 percent of the Munich-based broadcasting group. A spokesperson for the Italian media company confirmed this on Friday after the newspaper Il Messaggero made the plans public. ProSiebenSat.1 did not wish to comment on the matter.
The report stated that Mediaset was already in contact with advisors of the German broadcaster - but not for the first time. In the past, such takeover plans by Mediaset have fallen through. Prosieben's majority owner, an investor group led by US billionaire Haim Saban, which holds 88 percent of the ordinary shares and 13 percent of the preference shares in ProSiebenSat.1, is currently planning to sell the German broadcasting group again. According to Reuters, the investment bank Morgan Standley has been commissioned to conduct an auction. Axel Springer Verlag already wanted to take over the ProSiebenSat.1 broadcasting group, but this failed due to resistance from the Federal Cartel Office.
As reported by SDA on Friday, the Board of Directors will examine the possibility of an offer for 50.5 percent of the Munich-based broadcasting group. A spokesperson for the Italian media company confirmed this on Friday after the newspaper Il Messaggero made the plans public. ProSiebenSat.1 did not wish to comment on the matter.
The report stated that Mediaset was already in contact with advisors of the German broadcaster - but not for the first time. In the past, such takeover plans by Mediaset have fallen through. Prosieben's majority owner, an investor group led by US billionaire Haim Saban, which holds 88 percent of the ordinary shares and 13 percent of the preference shares in ProSiebenSat.1, is currently planning to sell the German broadcasting group again. According to Reuters, the investment bank Morgan Standley has been commissioned to conduct an auction. Axel Springer Verlag already wanted to take over the ProSiebenSat.1 broadcasting group, but this failed due to resistance from the Federal Cartel Office.
