Berlusconi's MFE considers boosting stake in Prosieben, Bloomberg News reports

(Reuters) -MFE-MediaForEurope, the TV group led by Italy's Berlusconi family, is reviewing options regarding its holding in German media group ProsiebenSat.1, including raising its nearly 30% stake, Bloomberg News reported on Thursday.

MFE CEO Pier Silvio Berlusconi is considering making a move as soon as next month if ProsiebenSat.1's third-quarter results do not show enough progress on meeting its targets, the report added, citing people familiar with the matter.

MFE and ProsiebenSat.1 declined to comment on the report when contacted by Reuters.

Shares in the German company spiked 7.2% following the news and were trading up 3.52% at 1305 GMT.

(Reporting by Gnaneshwar Rajan in Bengaluru, Isabel Demetz in Gdansk; Editing by Krishna Chandra Eluri and Mark Potter)