Fund manager Reade Griffith buys stake in Mediaset Spain

Fund manager Reade Griffith bought a minority stake in Spanish broadcaster Mediaset Spain after its parent company MediaForEurope launched a public takeover offer, Reuters reported taking into account what a filing to the Spanish stock regulator showed.

Reade Griffith, who heads Amsterdam-listed investment fund Tetragon's Investment Committee, owns a 1.022% stake in Mediaset Spain through financial instruments since Monday, the regulator said on its website.

MediaForEurope, which is controlled by the family of former Italian Prime Minister Silvio Berlusconi, and formerly known as Mediaset, last month announced a cash and share offer for the 44% stake in Mediaset Spain it does not already own. The Italian company in mid-March offered 4.5 of its ordinary A shares and €1.860 in cash for each Mediaset Spain share, or about €5.613 euros per share at the time.