September 19, 2019 / 6:39 PM / a month ago

Mediaset strikes deal to limit withdrawal rights impact in pan-EU TV deal

MILAN, Sept 19 (Reuters) - Italian broadcaster Mediaset said on Thursday it had reached an agreement with Peninsula Holding to limit the impact of the exercise of withdrawal rights in its deal to create a pan-European TV platform (MFE).

In a statement Mediaset said Peninsula Holding would, at the broadcaster’s request, buy up to 355 million shares of the new MFE entity. (Reporting by Elvira Pollina and Stephen Jewkes)

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