Italy's MFE welcomes ProSieben's decision to divest non-core businesses
Reuters
Published Apr 12, 2024 10:59
MILAN (Reuters) - Italy's MFE-MediaForEurope on Friday welcomed the decision by Germany's ProSiebenSat.1 to sell some of its non-core businesses.
In a statement, the media company, controlled by the family of late Italian premier Silvio Berlusconi, urged ProSieben's management to commit to further non-core asset sales.
MFE, which holds nearly 30% of ProSieben, wants the company to shed both its e-commerce and dating businesses in order to focus on television, in an split that could eventually lead it to make a buyout approach for ProSieben's TV business.
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Written By: Reuters
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