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yesterday

MFE Elevates ProSiebenSat.1 Takeover Bid to €8.15 per Share

Germany’s culture minister has summoned Pier Silvio Berlusconi to discuss safeguards for journalistic independence under the revised proposal.

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Overview

  • MFE increased its voluntary offer to include €4.48 in cash plus 1.3 MFE A shares for each ProSiebenSat.1 share.
  • The adjustment values ProSiebenSat.1 at €8.15 per share, a 15.8% premium over its July 25 closing price.
  • PPF IM Limited’s competing cash bid remains unchanged at €7 per share, positioning it behind MFE’s enhanced terms.
  • ProSiebenSat.1’s executive and supervisory boards will review the amended offer and issue formal opinions before the August 13 acceptance deadline.
  • By adding ProSiebenSat.1 to its existing 30% stake, MFE aims to generate up to €419 million in annual synergies from advertising, technology, and data across its Italian, Spanish, and German networks.