Those who were hoping for “Succession”-style infighting following Silvio Berlusconi’s death may be disappointed. The will of Italy’s media-mogul and former prime minister – who died on June 12 at a…
TV business – will now hold equal stakes jointly amounting to a roughly 53% majority stake in the Fininvest family holding. Fininvest also owns publisher Mondadori; vast luxury real estate properties in Milan, Rome and Sardinia; Italian Serie A soccer club AC Monza and a large stake in the Banca Mediolanum asset management bank.
Meanwhile, at a Mediaset upfront presentation in Milan on Tuesday, Pier Silvio strongly denied mounting speculation that after his father’s death MFE/Mediaset would be put up for sale. “The answer to the question of whether as a family we ever discussed selling Mediaset is ‘no’,” Berlusconi told reporters.
“What interests us is pressing ahead with a European industrial project which we believe in, namely a combination of European broadcasters,” he added. Pier Silvio Berlusconi has been seeking to create a pan-European group and has built a stake of roughly 30% in German media giant ProSiebenSat.1, which recently allowed him to obtain a seat on the rival group’s supervisory board.
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