Mediaset España shares closed Monday’s session with a 5.35% drop to 6.54 euros after announcing a merger with its Italian parent company to create a European television giant. On the contrary, the shares of said parent company saw an increase equivalent to 4,23%
The transaction will be carried out through a cross-border merger in Mediaset Investment, a subsidiary of the Italian firm based in the Netherlands. After the merger, the company would change its name to be called Media For Europe (MFE). Despite the change, Mediaset has said the companies will maintain their activity both in Italy and in Spain.
MFE will be the parent company of the group and will concentrate all the assets, liabilities and legal responsibilities of Mediaset and Mediaset España, who “consequently will cease to exist as independent entities”.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile Faces Class-Action Lawsuit Over Sprint Merger After Appeal Denied
May 16, 2024 by
CPI
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI