Berlusconis Mediaset Co-Bids For Endemol

Just days after Silvio Berlusconi left Italian politics, he’s already around the quest for Large Media. Berlusconi’s Mediaset and Italian equity finance firm Clessidra have became a member of some pot bid for Nederlander reality TV giant Endemol. “We have presented our offer with Clessidra,” Mediaset vice chairman (as well as the former pm’s boy) Pier confirmed Thursday, according to reviews from Milan. No terms were revealed. But captured Mediaset’s CFO mentioned the business would invest more earnings in Endemol if there has been a “clear strategy” for that organization. When queried in regards to the Mediaset/Clessidra bid, Endemol representative Charlie Gardner told Deadline, “Our focus is about the restructuring within our debt. People discussions are evolving well which we’re confident of the positive outcome soon.” Mediaset presently has around another of Endemol, whose other entrepreneurs are Goldman Sachs’ Capital Partners and John p Mol’s investment vehicle Cyrte. Time Warner recently developed a $1.4 billion unwanted offer for Endemol the target positioned on hold since it proceeds getting a debt restructuring.