Overview

• PPF said it will tender its roughly 15.7% holding to Media for Europe, lifting MFE’s stake to about 59–60% and delivering majority control of ProSiebenSat.1.
• MFE’s offer remains open through the Sept. 1 additional acceptance period, with a final tally expected in early September as PPF unwinds its own bid and takes shares in MFE.
• Shares rose on the news, with MFE up roughly 6–8% in Milan and ProSiebenSat.1 up around 2–3% in Frankfurt.
• Competition authorities have signaled no major hurdles, and the media concentration commission is awaiting the end of the tender window while coordinating with Bavaria’s regulator.
• MFE says it will preserve newsroom independence and pursue a pan‑European strategy, as it prepares to consolidate ProSiebenSat.1’s debt of more than €1 billion and pursue cost synergies while the DJV and officials press for safeguards.