TV and Internet companies: Pro-Sieben-Sat-1 boss Conze rejects a merger with Mediaset

TV and Internet companies: Pro-Sieben-Sat-1 boss Conze rejects a merger with Mediaset

         TV and Internet companies Pro-Sieben-Sat-1 boss Conze rejects a merger with Mediaset Max Conze is extremely skeptical about a possible merger with major shareholder Mediaset. Synergies are manageable and do not justify a merger. The CEO of Pro Sieben Sat 1, Max Conze, rejects a merger with the new major shareholder Mediaset from Italy. “I am very skeptical about a structural merger of our companies. That would not be impossible, but the manageable synergies would not justify a merger, because the implementation would be complex, lengthy and expensive, “said Conze the” Süddeutsche Zeitung “. Now he wants to first understand what Mediaset’s intentions are. “We’ll meet this Monday and discuss how Mediaset envisions the overall engagement.” Mediaset had last acquired in two steps a good 15 percent of the shares in the German television and Internet companies. Conze added that he would not be surprised if Mediaset continued to increase its stake. Conze also expects other investors to join Pro Sieben Sat 1. © Handelsblatt GmbH – All rights reserved. Acquire usage rights?          Services offered by our partners       
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