Tags » Silvio Berlusconi
Silvio Berlusconi, the former Italian prime minister, has agreed to sell AC Milan to a consortium of Chinese investors. It is said that Berlusconi’s Fininvest family holding has signed a preliminary agreement valuing the club at €740 million, including €220 million of debt.
MILAN (AP) Silvio Berlusconi has signed a deal to sell his full majority stake in Italian club AC Milan to Chinese investors.
The fate of the grand strategic alliance between Vincent Bollore’s Vivendi and Silvio Berlusconi’s Mediaset was left in the air Tuesday after Vivendi confirmed that it was backing out of an agreement to buy 100% of Mediaset’s loss-making pay-TV business. 466 more words