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MFE-MediaForEurope Launches Takeover Bid for ProSiebenSat.1

The Berlusconi-controlled group offers €5.7 per share in a bid to consolidate ProSieben and build a pan-European broadcaster.

  • MFE-MediaForEurope has formally launched a takeover bid for German broadcaster ProSiebenSat.1, offering €5.7 per share, the minimum price allowed under German law.
  • The offer consists of 78% cash and 22% newly issued MFE Class A shares, valuing ProSieben at approximately €1.5 billion.
  • MFE has secured a binding agreement with a ProSieben shareholder to surpass the 30% ownership threshold, triggering a mandatory tender offer.
  • ProSieben's management has announced that it will carefully review the offer and provide a reasoned opinion in due course.
  • MFE aims to create a pan-European broadcaster to compete with U.S. streaming giants like Netflix and address challenges in the European TV market.
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