Mediaset and Kirch in TV link-up
Saturday 20 March 1999
Both firms have held lengthy talks with Rupert Murdoch, but the broadcasters said the deal would be an Italian, Spanish and German venture with a potential 200 million viewers. The alliance includes private Spanish station Telecinco - of which Mediaset and Kirch each own 25 per cent - and Saudi financier Prince Alwaleed Bin Talal. Mediaset and Kirch said they will pool 1bn euros (pounds 670m) in assets in the joint venture.
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