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

Other posts by :

1. SES announces €0.25c dividend
2. Russia “blinding and destroying” German satellites
3. Bank: AST, Starlink, Kuiper targeting $200bn market
4. Rivada: Is no news good news?
5. SES celebrates Intelsat acquisition
6. Pakistan halts broadband direct-from satellite
7. India stymies Starlink launch
8. Starlink, AST SpaceMobile race for cellular consumers
9. Trouble ahoy for foreign D2D satellites over India?

Categories: Articles, Business, M&A

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