Particle.news
Download on the App Store
12 ARTICLES
·
last mo.

German Government Demands Editorial Safeguards as MFE Raises ProSiebenSat.1 Bid

Culture State Minister Wolfram Weimer has conditioned the takeover on preserving ProSiebenSat.1’s editorial freedom

Image
Image
Das Unternehmenslogo der ProSiebenSat.1 Media SE auf einem Schild vor vor einem Bürogebäude des Medienunternehmens.
Image

Overview

  • Weimer’s demands include guarantees on journalistic independence and a commitment to keep ProSiebenSat.1’s headquarters in Germany as a condition for any takeover.
  • MFE raised its offer to approximately €8.15 per share by adding 1.3 MFE-A shares to €4.48 in cash, driving ProSiebenSat.1 shares up about 10%.
  • PPF has maintained its €7 cash bid to increase its stake toward 29.99% but has yet to improve its offer and is weighing next steps.
  • The acceptance period runs until August 13 and may extend by two weeks if bids increase after July 30, setting the stage for further summer negotiations.
  • MFE seeks to fold ProSiebenSat.1 into a pan-European network to rival US streaming giants, whereas PPF pledges to preserve the broadcaster’s autonomy and local roots.