The CEO of Germany’s commercial broadcasting network ProSiebenSat.1, Rainer Beaujean, has said while that he is open to formal takeover offers, he would not believe in either a German merger with RTL nor a cross-border deal with MFE (MediaForEurope). While the former deal seems impossible to him due to the regulatory environment, he told the […]
MFE-MediaForEurope, the Berlusconi-backed broadcaster, has announced a bid for the 44 per cent of Mediaset Spain that it does not own. The bid has an implied price per share of €5.60. MFE is offering cash of €1.86 per Mediaset Spain share, plus 4.5 MFE A shares per MSE share held. The implied value, at close […]
Silvio Berlusconi has launched a €780 million bid to become the 100 per cent owner of Mediaset Spain. MFE-MediaForEurope, the Berlusconi-controlled group, will pay up to €5.613 per share, taking 44 per cent as the other 56 per cent is already under its control. The group will pay €258 million in cash and 624 new […]
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 […]
MFE-MediaForEurope has announced that, directly and indirectly, it has crossed the threshold of 25 per cent of secured voting rights of Germany broadcaster ProSiebenSat.1 Media SE through purchases of shares on the market. The company, headed by former Italian Prime Minister Silvio Berlusconi, was already the biggest shareholder in the broadcaster with a 23.9 per […]
MFE-MediaForEurope, the new holding business formed by Mediaset under the Dutch registered umbrella company, has received a positive note from equity analysts at Berenberg Bank. MFE-MediaForEurope released a preliminary alert as to its expected financials (themselves due in full towards the end of April) and these, says the bank, appeared to be well ahead of […]
Netherlands-based MFE-MediaforEurope (former Mediaset) has posted 2021 net consolidated revenues of €2.91 billion, up 11 per cent on 2020. Net profit in the period increased 169 per cent, year on year, to €374 million, almost double the pre-Covid level of 2019. In Italy, consolidated net revenues amounted to €2.04 billion (+13 per cent), while net […]
Mediaset announced its new name over the weekend, and at the same time explained to shareholders and investors how the new Amsterdam business would be structured. In essence it has introduced a dual share class structure with different voting rights in order to have greater flexibility to finance future M&A transactions. The name change into […]
The Board of Directors of Mediaset has admitted that the MFE ‘MediaForEurope’ project cannot be implemented and is seeking alternatives. This follows the sentence issued by the Court of Madrid that rejected the appeal by Mediaset Espana requesting the removal of the suspension of the cross-border merger plan. According to the Italian broadcaster, the project […]