Mediaset is taking an initial
5.5% stake in ProSieben's multi-channel network Studio71, the
main video platform after YouTube, the Italian company said in a
statement on Thursday.
France's TF1 will hold a 6.1% stake in the broadcaster.
The deal values Studio71 at about 400 million euros, Mediaset
said.
The French and Italian media companies have made a combined
investment worth some 50 million euros in Studio71.
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