France’s leading commercial network TF1, and Italian broadcaster Mediaset, have taken minority stakes in Studio71, the media studio and multi-channel network of the ProSiebenSat.1 Group. The companies are putting in a combined investment of 53M euros ($56.4M) at a valuation of approximately 400M euros ($425.7M). ProSiebenSat.1 … Read entire story.
Source: Deadline