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Italy's Mediaset not in merger talks with Prosiebensat1 - statement

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By Reuters
Italy's Mediaset not in merger talks with Prosiebensat1 - statement
FILE PHOTO: The Mediaset tower is seen in Cologno Monzese neighbourhood Milan, Italy, in this April 7, 2016 file photo. REUTERS/Stefano Rellandini/File Photo   -   Copyright  Stefano Rellandini(Reuters)

MILAN (Reuters) – Italian media group Mediaset said on Saturday it was not in talks over a merger with German rival Prosiebensat1 Media, denying press reports.

Earlier on Saturday daily newspaper Il Sole 24 Ore said the two companies were in talks to merge via a share exchange to create a pan-European independent broadcaster.

“No talks are being held for a merger with German TV group Prosiebensat1 Media,” Mediaset said in a statement.

(Reporting by Giulio Piovaccari; Editing by Jan Harvey)