Fininvest, Medusa going public soon

Source sez IPO could happen before end of year

MILAN — The stock exchange listing of Silvio Berlusconi’s empire Fininvest and the group’s MedusaFilm unit is getting nearer, sources close to the media mogul said.

“Fininvest might become a public company by the end of the year,” Marcello Dell’Utri, a former top exec of the media group and a personal friend of the media tycoon, said this week.

Controlled by the Berlusconi family, Fininvest owns the majority of group Mediaset, film unit Medusa Film, publishing house Mondadori, financial services and retailing units and a stake in pay TV operation Telepiu.

A positive move

According to analysts, the public listing of Fininvest would be positive for Berlusconi, both in terms of financial return and of his image. Allegations of conflict of interest between his political role and his financial interests arestill a thorn in the tycoon’s side.

A public listing is likely to be complex because the group is controlled by some 22 holding companies.

In the meantime, Medusa Film has announced a change in its shareholding structure which is expected to make its listing easier. The company — which is the film distribution, production and exhibition arm of Berlusconi’s media empire — said that the 49% of its capital previously owned by a small real estate company in Berlusconi’s name has been transferred to Fininvest, which now has 100% of its capital.

More Biz

  • Eddy Cue, Apple's senior vice president

    Apple's Eddy Cue Confirmed for Q&A Session at Pollstar Live! Conference

    MILAN — The stock exchange listing of Silvio Berlusconi’s empire Fininvest and the group’s MedusaFilm unit is getting nearer, sources close to the media mogul said. “Fininvest might become a public company by the end of the year,” Marcello Dell’Utri, a former top exec of the media group and a personal friend of the media […]

  • Brian Roberts

    As Disney Catches Fox, What's Next for Comcast?

    MILAN — The stock exchange listing of Silvio Berlusconi’s empire Fininvest and the group’s MedusaFilm unit is getting nearer, sources close to the media mogul said. “Fininvest might become a public company by the end of the year,” Marcello Dell’Utri, a former top exec of the media group and a personal friend of the media […]

  • Ads

    Best and Worst Ads of 2017

    MILAN — The stock exchange listing of Silvio Berlusconi’s empire Fininvest and the group’s MedusaFilm unit is getting nearer, sources close to the media mogul said. “Fininvest might become a public company by the end of the year,” Marcello Dell’Utri, a former top exec of the media group and a personal friend of the media […]

  • Fox Lot

    Disney to Lease Fox Lot for Seven Years (EXCLUSIVE)

    MILAN — The stock exchange listing of Silvio Berlusconi’s empire Fininvest and the group’s MedusaFilm unit is getting nearer, sources close to the media mogul said. “Fininvest might become a public company by the end of the year,” Marcello Dell’Utri, a former top exec of the media group and a personal friend of the media […]

  • Ajit Pai

    FCC Launches Review of TV Station Ownership Cap

    MILAN — The stock exchange listing of Silvio Berlusconi’s empire Fininvest and the group’s MedusaFilm unit is getting nearer, sources close to the media mogul said. “Fininvest might become a public company by the end of the year,” Marcello Dell’Utri, a former top exec of the media group and a personal friend of the media […]

  • ESPN

    Fox's Regional Sports Outlets Could Serve as Balm for Disney's ESPN

    MILAN — The stock exchange listing of Silvio Berlusconi’s empire Fininvest and the group’s MedusaFilm unit is getting nearer, sources close to the media mogul said. “Fininvest might become a public company by the end of the year,” Marcello Dell’Utri, a former top exec of the media group and a personal friend of the media […]

  • DEADPOOL

    Disney-Fox: Ryan Reynolds, James Gunn and More React to Mega-Merger

    MILAN — The stock exchange listing of Silvio Berlusconi’s empire Fininvest and the group’s MedusaFilm unit is getting nearer, sources close to the media mogul said. “Fininvest might become a public company by the end of the year,” Marcello Dell’Utri, a former top exec of the media group and a personal friend of the media […]

More From Our Brands

Access exclusive content