It also comes when it expires Hourglass. Today, the last day available, the Italian private equity fund controlled by Claudio Sposito presented a non-binding offer for the purchase of the assets held by Telecom Italia Media (A7, Mtv and frequencies). Marco Bassetti, former number one of Endemol, should be involved as an advisor.
Mediobanca and Citigroup, the advisors of Telecom Italia – which controls TI Media – have three days to establish whether the offer can effectively enter the tender together with those of Cairo, Discovery Channel, H3G, News Corporation and Abertis. In recent days, for various reasons, two first-class big names such as Mediaset and Sky Italia had been pulled out (but there is News Corporation).
Today in Piazza Affari the TI Media share gained more than one point, in sharp contrast with the general price trend (-0,78%).
