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2h ago

MediaForEurope Secures 75.61% of ProSiebenSat.1, Gaining Control

The move positions MFE to build a pan-European advertising-funded broadcaster.

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MFE is led by Pier Silvio Berlusconi, son of the late media tycoon and Italian prime minister Silvio Berlusconi

Overview

  • Czech investor PPF tendered its 15.68% holding into the offer, lifting MFE’s stake to 75.61%.
  • The transaction values ProSiebenSat.1 at about €1.8 billion.
  • Crossing the 75% threshold enables MFE to consolidate ProSiebenSat.1’s earnings and tighten integration across its European footprint.
  • Germany’s culture minister said he and Pier Silvio Berlusconi agreed editorial independence must not be compromised.
  • ProSiebenSat.1 CEO Bert Habets welcomed MFE as the new majority owner and said the companies will map collaboration while growing Joyn’s ad-supported streaming reach.