Mediaset has reached today, 3 July 2007, an agreement with Fininvest SpA for the acquisition of 100% of the share capital of the Medusa Group. By July 16, 2007 Ã ¨ provided the closing 'transaction. Fininvest SpA holds 35.97% of Mediaset SpA and 100% of the Medusa Group
The price is â € ™ move has amounted to 152 million euros and move has been determined based on net assets of the Medusa on 31/12/2006. Mediaset SpA is committed to recognize Fininvest SpA in order to supplement the balance of the consideration price up to a maximum of 18 million euros in connection with the box office results of films distributed in the years 20007-2008. dâ € ™ investment bank Lehaman Brothers International in support of the organs of Mediaset, has judged the fair price at market value.
For Mediaset, € ™ acquisition of Jellyfish, a national leader in film production and distribution is of high strategic value. in a statement reads, the transaction will strengthen the presence on the world of content (after the recent operation Endemol) focused on production and exploitation of film rights that represent a proposal for central and indispensable for all platforms. Also, allow a direct engagement and increasing the production of Italian, which is relevant to the needs of network programming in the Group. Commitment by the new will translate into development for the entire industry and in support of the cultural value of national film production. The deal, finally, will generate further diversification in areas contiguous to its core business (movie theaters, home video).
The Executive Committee of Mediaset in the face of the announced resignation of Board of Directors of Group companies Medusa has decided the new set of vertices: Ã ¨ was appointed as President Carlo Rossella, who leaves the direction of TG5, and move has been confirmed as vice president and Managing Giampaolo Letta.

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