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

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) mentioned on Thursday it had reached an settlement with Peninsula Holding to restrict the influence of the train of withdrawal rights in its deal to create a pan-European TV platform (MFE).

In a press release Mediaset mentioned Peninsula Holding would, on the broadcaster’s request, purchase as much as 355 million shares of the brand new MFE entity.

Reporting by Elvira Pollina and Stephen Jewkes

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