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International Business Times

Business

Berlin Wary As Berlusconi Group Closer To German Media Takeover

MfE Berlin Silvio Berlusconi ProSieben Pier Silvio Berlusconi ProSiebenSat1 PPF Wolfram Weimer

ProSiebenSat.1 is one of Germany's biggest media groups (Credit: AFP)

An Italian media group majority-owned by late leader Silvio Berlusconi's family moved closer to taking over a German broadcasting giant Wednesday, sparking warnings from Berlin that its journalistic independence must be maintained.

ProSiebenSat.1, one of Germany's biggest private broadcasting groups, recommended its shareholders accept a fresh offer presented by MediaForEurope (MFE) last week, valuing the German company at nearly 1.9 billion euros ($2.2 billion).

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