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