Italy’s MediaForEurope (MFE) group, majority-owned by the Berlusconi family, said Thursday it had secured a controlling stake in German broadcasting giant ProSiebenSat.1 through a takeover offer.
MFE, the biggest commercial television network in Italy, said it had secured more than 75% of shares, as it seeks to build a pan-European group big enough to compete with streaming giants.
The Italians, who already had a substantial stake in ProSieben, had been competing with the Czech group PPF for the German broadcasting giant.
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