Italian media tycoon and former Prime Minister, Silvio Berlusconi, is reportedly considering launching a takeover bid for the 44 per cent stake in Mediaset Spain he doesn’t already control through MFE-MediaForEurope.

The CNMV (stock market) has suspended Mediaset Spain shares in view of the potential bid, valued at around €700 million according to Bloomberg.

Berlusconi plans to integrate the Spanish subsidiary into the European holding MFE-MediaForEurope to tackletough competition from streaming services like Netflix, Prime Video and HBO. It has already bid to up its stake in Germany’s ProSiebenSat.1

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Tags: Amazon, Berlusconi, HBO, mediaset, MFE, netflix, spain