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MDIUY - ProSiebenSat.1 Media SE Will Not Profit From New Shareholder Mediaset SpA
Mediaset Spa ADR - Level I
Shares of ProSiebenSat.1 Media SE (PBSFF;PBSFY) have not exactly been a top performer recently. Yet, there is at least one player who seems willing to bet big on its potential to recover from that. Shortly before the annual general meeting, Mediaset SpA (MDIEF; MDIUY) acquired a 9.6 percent stake, making the Italian company ProSiebenSat.1's second-largest shareholder. ProSiebenSat.1 CEO Max Conze sees this as a vote of confidence in the company's strategy. And he certainly is not alone in making this assessment. Some are even going as far as