Advertisement
UK markets closed
  • NIKKEI 225

    38,405.66
    +470.90 (+1.24%)
     
  • HANG SENG

    17,763.03
    +16.12 (+0.09%)
     
  • CRUDE OIL

    81.83
    -0.80 (-0.97%)
     
  • GOLD FUTURES

    2,308.00
    -49.70 (-2.11%)
     
  • DOW

    38,078.15
    -307.94 (-0.80%)
     
  • Bitcoin GBP

    50,119.69
    -539.11 (-1.06%)
     
  • CMC Crypto 200

    1,297.66
    -41.41 (-3.09%)
     
  • NASDAQ Composite

    15,854.17
    -128.91 (-0.81%)
     
  • UK FTSE All Share

    4,430.25
    -4.93 (-0.11%)
     

Italy's MFE welcomes ProSieben's decision to divest non-core businesses

FILE PHOTO: The logo of German media company ProSiebenSat.1 is seen in front of the headquarters in Unterfoehring

MILAN (Reuters) - Italy's MFE-MediaForEurope on Friday welcomed the decision by Germany's ProSiebenSat.1 to sell some of its non-core businesses.

In a statement, the media company, controlled by the family of late Italian premier Silvio Berlusconi, urged ProSieben's management to commit to further non-core asset sales.

MFE, which holds nearly 30% of ProSieben, wants the company to shed both its e-commerce and dating businesses in order to focus on television, in an split that could eventually lead it to make a buyout approach for ProSieben's TV business.

(Reporting by Elvira Pollina, writing by Alvise Armellini, editing by Gianluca Semeraro)