Italy's Mediaset hikes stake in ProSiebenSat.1 to just under 20%

MILAN (Reuters) - Italy's top commercial broadcaster Mediaset has raised its stake in ProSiebenSat.1 to just under 20% in a move that could help its plans to create a pan-European TV platform to tackle slow growth and stiffer competition. The move comes at time of a deepening crisis at Germany's ProSiebenSat.1 and increases pressure on the German group's chief executive, Max Conze, who so far has shown little enthusiasm in a closer tie-up with Mediaset. ProSiebenSat.1's share price has been..