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MFE Takes Three-Quarter Control of ProSiebenSat.1, Clearing Path to Deeper Integration

The new stake permits a legally binding control/profit-transfer agreement under German law.

Overview

  • MediaForEurope said it now holds about 75.6% of ProSiebenSat.1 after a post-offer share pickup that included acquiring roughly 15.7% from Czech investor PPF.
  • Crossing the 75% threshold enables stronger governance and financial control tools, including the option to consolidate operations through a control and profit-transfer pact.
  • Pier Silvio Berlusconi pledged to keep editorial independence and emphasized a more locally focused lineup with more news, entertainment and in-house productions.
  • Germany’s culture minister noted MFE’s commitment to independence, while the DJV and media-pluralism experts warned of potential political influence and risks to journalistic jobs.
  • Both companies flag sizable savings from integration—ProSiebenSat.1 cites about €150 million annually over four to five years, while MFE projects up to €400 million—against a backdrop of high debt and recent layoffs at the German broadcaster.