Digest: Sloan joins ProSieben board
EmptyMGM chairman and CEO Harry Sloan has been named to the supervisory board of German broadcast giant ProSiebenSat.1. Sloan was among the new board members put forth by private-equity firms Permira and KKR, which recently acquired ProSieben from Haim Saban's German Media Partners for $4 billion. As head of pan-European channel network SBS Broadcasting, Sloan was behind the $2.1 billion sale of SBS to Permira/KKR in 2005. ProSieben's new owners now plan to merge the company with SBS to create Europe's second-largest broadcaster behind Bertelsmann-controlled RTL Group.
Mediaset preps bid for Endemol
Italian broadcaster Mediaset is developing a bid for Dutch reality TV producer Endemol, Mediaset CEO Giuliano Adreani said Wednesday. He said, however, that it will not make an offer for Italian Internet and phone firm Fastweb. Speculation about both bids from Mediaset has been ripe lately, but it has been the Endemol bid that has attracted the most attention. Adreani said the bid will be in conjunction with John De Mol, Endemol's founder who sold the company to Spain's Telefonica and now wants to get it back.
UniCredit ups stake in Take-Two
Italy's biggest bank, UniCredit, has raised its stake in U.S. video game publisher Take-Two Interactive Software Inc. to 10.3%, according to a regulatory filing Wednesday. The filing showed UniCredit owned about 7.5 million shares in Take-Two compared with about 5.3 million, or a 7.3% stake, at year's end. Take-Two is in the midst of a struggle with a consortium of investors who own nearly half of the company and seek to take control of the board and maybe oust CEO Paul Eibeler. UniCredit is not a member of the group.