Mediaset, De Mol, Goldman Sachs Win Endemol

HILVERSUM, May 14: A consortium consisting of Mediaset, John
De Mol’s Cyrte Fund and Goldman Sachs Capital Partners has reached a deal to
acquire Telefónica’s stake in Endemol for 2.6 billion euros.

The Spanish telecommunications giant is selling off its 99.7
percent stake in Endemol Investment Holding, which indirectly owns 75 percent
of Endemol. The new holding company, Mediacinco Cartera, is owned by Mediaset
and its Spanish subsidiary Gestevision Telecinco, Cyrte Fund II and GS Capital
Partners VI Fund.

As part of the agreement, the consortium will launch an
unconditional public offer for the remaining 25 percent of Endemol at a price
at least equal to 25 euros per share.