MediaForEurope Takes 75.61% Stake in German Broadcaster ProSiebenSat.1
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MediaForEurope, the TV group controlled by Italy’s Berlusconi family, has raised its stake in German broadcaster ProSiebensat.1 to 75.61%, and will become the majority shareholder.
MFE, which is headed by Pier Silvio Berlusconi — who is the son of the late former Italian Prime Minister and TV tycoon Silvio Berlusconi — and runs TV operations in Italy and Spain, has long been building a growing stake in ProSiebensat.1 and plotting a ProSiebensat.1 takeover as part of its plan to create a pan-European advertising-funded network.
More to follow.
