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Mediaset working on big deal in European TV sector: CEO

Reuters  |  ROME 

(Reuters) - Italy's biggest is working on a large merger or acquisition in Europe's TV sector, its said on Wednesday.

"We are working on something big and something complex... we believe in it," Pier said in reply to a question on European merger activity in the sector.

In June, Berlusconi said was looking to create a pan-European broadcaster to fend off competition from traditional rivals and like

Mediaset, controlled by the family of former Silvio Berlusconi, tried to broaden its business in 2016 with a pay-TV agreement with French aimed at building a southern European

But the deal fell through when Vivendi, which owns 28.8 percent of the Italian group, backtracked, leading to a court battle.

"When the deal is done, we'll announce it," Berlusconi said.

(Reporting by Alberto Sisto, writing by Stephen Jewkes; Editing by Elaine Hardcastle)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 12 2018. 22:05 IST