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Berlusconi's Mediaset Buys Stake in Germany's ProSiebenSat.1

  • Mediaset’s investment makes it second-biggest shareholder
  • European broadcasters are looking for ways to fight Netflix
The ProSiebenSat.1 Media headquarters in Unterfoehring, Germany.

The ProSiebenSat.1 Media headquarters in Unterfoehring, Germany.

Photographer: Krisztian Bocsi/Bloomberg

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Italian broadcaster Mediaset SpA has bought a stake in Germany’s ProSiebenSat.1 Media SE as it seeks to diversify beyond its home country and fend off growing competition from Netflix Inc.