Overview

• ProSiebenSat.1’s executive and supervisory boards on August 6 officially recommended shareholders accept the amended bid from MFE.
• The revised offer comprises a cash payment of €4.48 per share plus 1.3 MFE shares for each ProSiebenSat.1 share, up from 0.4 shares in the initial proposal.
• MediaForEurope, controlled by Fininvest and already holding nearly 30% of ProSiebenSat.1, seeks to fully integrate the broadcaster with its Italian and Spanish TV assets.
• Czech investor PPF Group’s rival €7-per-share bid lost board backing after MFE improved its terms in July.
• Shareholders will vote on the takeover, a decision that could reshape consolidation in Europe’s commercial television sector.