MFE Launches Takeover Bid to Secure Control of ProSiebenSat.1

The Berlusconi-controlled group aims to surpass the 30% ownership threshold, advancing its vision for a pan-European media powerhouse.

MediaForEurope (MFE) has officially announced a takeover bid to increase its stake in ProSiebenSat.1 beyond 30%, solidifying its control over the German media group.
The bid includes a payment structure of 78% cash and 22% newly issued MFE-A shares, offering shareholders a deal based on the three-month average stock price.
MFE has secured commitments from at least one existing ProSiebenSat.1 shareholder to ensure the bid's success and surpass the 30% ownership threshold.
The move is part of MFE's strategy to create a pan-European media giant capable of competing with US streaming platforms such as Netflix.
MFE continues to advocate for ProSiebenSat.1 to divest non-core assets, such as Verivox and Flaconi, to focus on its core media operations and streamline its business.