ProSiebenSat.1 Rejects MFE's Restructuring Plans Amid Boardroom Struggle

The rejection of MediaForEurope's proposals, including company split and board reshuffle, highlights tensions and future uncertainties for both entities.

• ProSiebenSat.1 Media rejects MediaForEurope's (MFE) restructuring proposals, including a plan to split up the company, stating it's not in the best interests of all shareholders.
• MFE, led by Pier Silvio Berlusconi and the company's largest shareholder, aimed to restructure ProSieben to facilitate a pan-European broadcaster expansion.
• The proposed restructuring included spinning off ProSieben's e-commerce and dating assets, and appointing new board members aligned with MFE.
• ProSieben's board argues the restructuring would lead to value destruction, without affecting net debt, and opposes replacing supervisory board members due to conflict of interest concerns.
• The rejection marks a significant setback for MFE's ambitions and raises questions about the future strategy of both companies amid challenges in the TV and streaming market.

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