Mediaset to Merge Spanish Unit Into Rebranded MediaForEurope, Touts Pan-European Plan

Top Italian commercial broadcaster Mediaset, which is being rebranded as MediaForEurope (MFE), is merging its Spanish subsidiary Mediaset Espana into MFE in a move long touted as the first step in its stated plan to gain scale in Europe. The merger, which follows MFE’s bid last March to gain full control of Mediaset Espana, was approved by the two companies’ boards of directors, the broadcaster said in a statement late Monday. However, the deal still needs to pass a final hurdle. The Mediaset Espana merger by absorption with MFE — which is mostly made up by Mediaset’s Italian unit —… Read Full Article