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

Business

FILE PHOTO: The Mediaset tower is seen in Cologno Monzese neighbourhood Milan, Italy, April 7, 2016. REUTERS/Stefano Rellandini

MILAN (Reuters) – Italian broadcaster Mediaset (MS.MI) 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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