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☆ Factbox: Who got what in Silvio Berlusconi's will?
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +2 min

[1/2] Pier Silvio Berlusconi attends the funeral of former Italian Prime Minister Silvio Berlusconi at the Duomo Cathedral, in Milan, Italy June 14, 2023. REUTERS/Yara Nardi/File PhotoMILAN, July 6 (Reuters) - Details of how billionaire Italian tycoon Silvio Berlusconi divided up his assets have been made public on Thursday after the will of the former prime minister, who died on June 12, was unsealed. That means the five children each get an additional Fininvest stake of just over 8%, on top of what they already owned. * He left the remaining one third of his stake, roughly 20% of Fininvest, to his eldest children, Marina and Pier Silvio, in equal amounts. * Marina and Pier Silvio already owned 7.65% of Fininvest each, or a combined 15.3%.

Persons: Silvio Berlusconi, Yara, MILAN, Forbes, Berlusconi, Pier Silvio, Marta Fascina, Paolo, Marcello Dell'Utri, Dell'Utri, Valentina Za, Keith Weir Organizations: Italian, Cathedral, REUTERS, broacaster, Banca Mediolanum, Serie A, Monza, Marina, Thomson Locations: Milan, Italy

☆ Berlusconi leaves control of family business to two eldest children
▼ + stars: | 2023-07-06 | by ( Elvira Pollina | ) www.reuters.com time to read: +4 min

[1/2] Eleonora Berlusconi, , Pier Silvio Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Marina Berlusconi walk to attend the funeral of former Italian Prime Minister Silvio Berlusconi at the Duomo Cathedral, in Milan, Italy June 14, 2023. Marina and Pier Silvio Berlusconi, who both already have executive roles in parts of the business, will hold equal stakes jointly worth around 53% in the Fininvest family holding company, the source said, confirming an earlier report from ANSA news agency. Marina chairs Fininvest while Pier Silvio has been in charge of the MFE-MediaForEurope (MFEB.MI) TV business which has long been the jewel in the family's crown. Barbara, Eleonora and Luigi Berlusconi, his three children from his second marriage, have been less involved in the family business. Berlusconi, who founded a business empire based on real estate and then television, died in Milan.

Persons: Eleonora Berlusconi, Pier Silvio Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Marina Berlusconi, Silvio Berlusconi, Claudia Greco, Marta Fascina, Dell'Utri, Silvio Berlusconi's, Marina, Pier Silvio, Silvio, Barbara, Eleonora, Berlusconi, Paolo, Marcello Dell'Utri, Fascina, Milan's, Villa San, Villa, Costa, Vladimir Putin, Tony Blair, Giulio Piovaccari, Federico Maccioni, Keith Weir, Alvise Armellini, Mark Potter Organizations: Italian, Cathedral, REUTERS, MILAN, Fininvest SpA, Reuters, Forza Italia, Italian Serie A, Monza, Villa, British, Thomson Locations: Milan, Italy, Marina, Fininvest, Raffaele, Italian, Villa San Martino, Arcore, Russian

☆ Berlusconi leaves control of business empire to two eldest children
▼ + stars: | 2023-07-06 | by ( Elvira Pollina | ) www.reuters.com time to read: +4 min

[1/2] Eleonora Berlusconi, , Pier Silvio Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Marina Berlusconi walk to attend the funeral of former Italian Prime Minister Silvio Berlusconi at the Duomo Cathedral, in Milan, Italy June 14, 2023. Marina, 56, chairs Fininvest while Pier Silvio, 54, has been in charge of the MFE-MediaForEurope (MFEB.MI) TV business which their father founded. Forbes estimated that the overall Berlusconi family assets, which include luxury properties in Milan, Rome and Sardinia, were worth around $6.8 billion. Brash, ebullient and a four-time prime minister, Berlusconi was a media mogul and political showman whose financial and sexual scandals made him the most polarising figure in modern Italy. Barbara, Eleonora and Luigi Berlusconi, his three children from his second marriage, have been less involved in the family business.

Persons: Eleonora Berlusconi, Pier Silvio Berlusconi, Barbara Berlusconi, Luigi Berlusconi, Marina Berlusconi, Silvio Berlusconi, Claudia Greco, Marta Fascina, Dell'Utri, Silvio Berlusconi's, Marina, Pier Silvio, Fininvest, Brash, ebullient, Berlusconi, Silvio, Barbara, Eleonora, Paolo, Marcello Dell'Utri, Fascina, Milan's, Giorgia Meloni's, Giulio Piovaccari, Federico Maccioni, Keith Weir, Alvise Armellini, Mark Potter Organizations: Italian, Cathedral, REUTERS, MILAN, Marina, Italian Serie A, AC Monza, Banca Mediolanum, Forbes, Fininvest SpA, Reuters, MARTA Berlusconi, Forza Italia, Thomson Locations: Milan, Italy, Italian, Rome, Sardinia, Raffaele

MILAN, June 14 (Reuters) - Merger and acquisition speculation has lifted shares in MFE (MFEB.MI), the late Silvio Berlusconi's TV business, following his death, but a number of obstacles stand in the way of any rapid deal. With a 19.8% MFE stake, Vivendi (VIV.PA) is widely seen as the natural buyer for MFE. This week's rally has lifted the market value of the whole of MFE to 1.8 billion euros. Any accord between Vivendi and Fininvest would require overcoming the deep distrust between the two groups after years of courtroom battles sparked by a failed 2016 TV deal. Like Fininvest, Vivendi faces a loss on any potential sale of its MFE stake given the gap between book and market prices.

Persons: Silvio Berlusconi's, Vincent Bollore, Urbano, Pier Silvio Berlusconi, Fininvest, MFE, Emilio Parodi, Valentina Za, Barbara Lewis Organizations: MILAN, Vivendi, Reuters, della Sera, U.S, Warner Bros ., VIVENDI, FININVEST, Fininvest, MFE, Thomson Locations: MFE, Urbano Cairo, Germany's ProSiebenSat, Italy, Spain, Rome, Netherlands

☆ How Berlusconi got his billions
▼ + stars: | 2023-06-12 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Silvio Berlusconi, the billionaire former prime minister of Italy, died Monday, leaving behind a sprawling business empire. It was through Fininvest that Berlusconi acquired big stakes in some of Europe’s major media firms, as well as AC Milan. Berlusconi owned a 61.3% stake in the holding company at the end of 2021, Reuters has reported. AC Milan players won the Italian championship in 1988 when Silvio Berlusconi was the club's president. Marina Berlusconi, left, Pier Silvio Berlusconi, center, and Mrs. Rosa, Silvio Berlusconi's mother, photograhed in 1998 Luca Bruno/AP/FILEPier Silvio, 53, is the chief executive of MediaForEurope.

Persons: London CNN — Silvio Berlusconi, Berlusconi, Silvio Berlusconi, Ferdinando Meazza, MediaForEurope —, Fininvest, ”, Marina, Marina Berlusconi, Pier Silvio Berlusconi, Rosa, Silvio Berlusconi's, photograhed, Luca Bruno, Silvio, — Niamh Kennedy, Sammy Mncwabe Organizations: London CNN, AC Milan, Bloomberg, Media, Milan, Reuters, Mondadori, Italy’s, Prosecutors, Mediaset Locations: Italy, Fininvest, MediaForEurope, Spain, Germany’s ProSiebenSat, Milan

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