Mediaset could unite Mediaset España with the parent company to confront Netflix

Mediaset and Netflix

Renta4 | According to Bloomberg the Italian parent company is considering various options for Mediaset España (TL5), among them combining its business to confront the competition from platforms like Netflix.

No details are offered over how the businesses would be combined, but it could include a takeover. To take control of the 48% that its does not yet control would mean paying 1 billion euros.

It is not the first time that this possibility has been rumoured (in September 18 and January 19 it was denied). As to whether the operation would make sense, the movement would responde to an attempt to gain size and international representation within Europe, to which are added the attractive multiples found in Mediaset España. Objective Proce 7.56 euros/share. Overweight.


About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.