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. Oman’s Spaceport ready for fast-track launches
2. Bank uplifts RocketLab
3. AST SpaceMobile’s BlueBird/FM1 en route to India
4. D2D satellite battle hots up
5. Eutelsat share price rockets
6. AST SpaceMobile recovers after Verizon agreement
7. Bank has mixed messages for AST SpaceMobile
8. EchoStar clears key regulatory hurdles for Starlink deal
9. Starlinks falling to Earth every day

Categories: Articles, Business, M&A

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