Milan

Mediaset takes stake in Studio71 with ProSiebenSat and Tf1

Number-two video platform after YouTube

Mediaset takes stake in Studio71 with ProSiebenSat and Tf1

Milan, January 12 - Mediaset is taking an initial 5.5% stake in ProSieben's multi-channel network Studio71, the main video platform after YouTube, the Italian company said in a statement on Thursday. France's TF1 will hold a 6.1% stake in the broadcaster. The deal values Studio71 at about 400 million euros, Mediaset said. The French and Italian media companies have made a combined investment worth some 50 million euros in Studio71.

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