Mediaset working on big deal in European TV sector - CEO
(Adds CEO quote, background)
ROME, Sept 12 (Reuters) - Italy's biggest private
broadcaster Mediaset is working on a large merger or
acquisition in Europe's TV sector, its chief executive said on
"We are working on something big and something complex... we
believe in it," Pier Silvio Berlusconi said in reply to a
question on European merger activity in the sector.
In June, Berlusconi said Mediaset was looking to create a
pan-European broadcaster to fend off competition from
traditional rivals and online content providers like Netflix
Mediaset, controlled by the family of former prime minister
Silvio Berlusconi, tried to broaden its business in 2016 with a
pay-TV agreement with French media giant Vivendi aimed
at building a southern European media powerhouse.
But the deal fell through when Vivendi, which owns 28.8
percent of the Italian group, backtracked, leading to a court
"When the deal is done, we'll announce it," Berlusconi said.
(Reporting by Alberto Sisto, writing by Stephen Jewkes; Editing
by Elaine Hardcastle)
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