MFE-MediaForEurope N.V. (BIT:MFEB) is considering a new bid to acquire full control of its listed Spanish unit, Mediaset España Comunicación, S.A. (BME:TL5), according to people familiar with the matter. MFE is discussing a move to buy the more than 40% it doesn't already own and then delist the Spanish unit, said the people, who asked not to be identified because deliberations are private. The company with Italian roots may pursue a transaction as early as the coming weeks, though no final decision has been made, they said.

Shares in Mediaset Espana rose as much as 5.3% on March 14, 2022. The company has market value of €1.6 billion ($1.8 billion). Any deal would add to $50 billion of transactions in Europe's communications industry in 2022, a figure that's down more than 30% on the same period a year ago, according to data compiled by Bloomberg.

A representative for MFE declined to comment.