Particle.news
Download on the App Store
18 ARTICLES
·
2h ago

MFE Takes 75% Control of ProSiebenSat.1 After PPF Sells Stake

Crossing the three‑quarter threshold gives the Berlusconi group the legal power to integrate the German broadcaster under German corporate law.

Image
Image
Berlusconi übernimmt Mehrheit bei ProSiebenSat.1.
Das Logo der ProSiebenSat.1 Media SE.

Overview

  • MediaForEurope now holds about 75.61% of ProSiebenSat.1 voting rights after the additional acceptance window, including the purchase of PPF’s roughly 15.7% stake.
  • The supermajority enables full consolidation and the option of a control‑and‑profit transfer agreement that would grant access to ProSiebenSat.1’s earnings.
  • Following a meeting in Berlin, culture minister Wolfram Weimer said MFE pledged to preserve editorial independence, while the DJV and pluralism experts warned of influence risks.
  • MFE’s strategy is to build a pan‑European broadcaster to better compete with global streamers, with ProSiebenSat.1 shifting toward more local news, entertainment and original productions.
  • Both sides tout sizable savings from integration—ProSiebenSat.1 around €150 million annually over four to five years and MFE about €400 million—against a backdrop of weak results, high debt, earlier job cuts, and no cartel hurdles flagged by EU or German authorities.