MediaForEurope Launches Takeover Bid for ProSiebenSat.1

The Berlusconi-controlled group seeks to surpass 30% ownership, offering a mix of cash and shares at the statutory minimum price.

MediaForEurope (MFE), which already owns 29.99% of ProSiebenSat.1, has formally announced a takeover bid to increase its stake in the German media company.
The offer comprises 78% cash and 22% newly issued MFE-A shares, priced at the statutory three-month average stock price of ProSiebenSat.1.
MFE has secured a commitment from an existing shareholder to sell shares, ensuring it will exceed the 30% ownership threshold required for a mandatory public offer.
ProSiebenSat.1's board and supervisory board are reviewing the proposal and are expected to issue a formal response in the coming weeks.
The bid aligns with MFE's strategy to consolidate European media assets and compete with global streaming platforms like Netflix.