Italy’s MFE welcomes ProSieben’s decision to divest non-core businesses

Industry:    7 months ago

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 a split that could eventually lead it to make a buyout approach for ProSieben’s TV business.

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