MediaForEurope Launches Takeover Bid to Gain Control of ProSiebenSat.1

The Berlusconi-controlled company aims to exceed 30% ownership with a cash-and-shares offer, signaling a push for European media consolidation.

MediaForEurope (MFE), which currently holds a 29.99% stake in ProSiebenSat.1, has formally announced a takeover bid to surpass the 30% ownership threshold.
The offer comprises 78% cash and 22% newly issued MFE-A shares, priced at the statutory minimum based on the three-month average stock price.
MFE has secured a commitment from an existing ProSiebenSat.1 shareholder to sell part of their holdings, ensuring MFE exceeds the 30% threshold.
The move is part of MFE's strategy to consolidate European media assets and compete with global streaming platforms like Netflix.
ProSiebenSat.1's board is expected to review the offer in the coming weeks as market speculation continues to influence the company's stock price.