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ProSieben-Sat1: Mediaset's "manifestation of interest" based on clear business logic
PROSIEBEN-SAT1:
MEDIASET'S "MANIFESTATION OF INTEREST"
BASED ON CLEAR BUSINESS LOGIC
Early this afternoon Mediaset was officially informed that our company is not on the short list of potential buyers for the German television group ProSieben-Sat1.
Mediaset believes that its preliminary and non-binding "manifestation of interest" was balanced from an industrial point of view, so creating value for shareholders.
If other operators have expressed an interest in ProSieben-Sat1 at higher values, clearly their logic is different and incompatible with our objectives, meaning that we are automatically not interested in the operation.
Cologno Monzese, November 9, 2006
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