Italian broadcaster MediaForEurope has raised its potential voting stake in ProSiebenSat.1 Media to 29.9 percent. The stake is just below the 30 percent threshold which, under German law, would trigger a mandatory buyout offer.
Controlled by Pier Silvio Berlusconi and formerly known as Mediaset, MFE plans to be a long-term industrial investor, with an eye to creating a major European platform for audiovisual content. ProSiebenSat.1 Media CEO, Rainer Beaujean, has been replaced with veteran TV executive Bert Habets, on November 1.
Please follow and like us:
Leave A Comment