Mediaset is backed by the family of former Italian Prime Minister Silvio Berlusconi while its 29% shareholder Vivendi is led by Vincent Bollore.
Mediaset aims to use the MFE platform to build TV alliances in Europe to help it compete with streaming services and has built a 15% stake in Germany’s ProSiebenSat.1 . A deal between the two sides would free Mediaset’s hand to press ahead with merging its Italian and Spanish units.A Milan judge earlier this month gave the companies until Nov. 29 to settle their disagreements over MFE after earlier attempts to reach an accord failed.
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