John de Mol, Mediaset to buy Endemol (update)

A consortium involving John de Mol and Italian group Mediaset is to buy tv production company Endemol for €2.63bn, owner Telefónica said on Monday. Telefónica owns 75% of Endemol, which counts Big Brother among its formats.

The Spanish firm bought the entire group in 2000 for €5.5bn – some 25% of the shares have since been floated on the Amsterdam stock exchange. John de Mol is one of the company’s founders.

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