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Berlusconi Family’s MediaForEurope Ups Bid For ProSiebenSat.1
- On Monday, MFE-MediaForEurope announced a revised offer, raising the stock component to 1.3 MFE A shares per ProSiebenSat.1 share, with the cash element remaining at €4.48 per share.
- Already holding around 30 percent of ProSiebenSat.1, MFE launched a higher offer in March amid digitization challenges over recent years.
- Based on July 25 closing prices, while PPF IM Limited's bid remains at €7.00 per share.
- In response, Bert Habets, Group CEO of ProSiebenSat.1 Media, welcomed the increased offer, calling it `signal of MFE’s commitment to the company`.
- The acceptance period closes on August 13, unless extended under German takeover law, with the deadline approaching.
25 Articles
25 Articles
The Berlusconis increase their takeover offer for the largest German private channel. How politicized are their stations today – and tomorrow the German ones?
Is ProSiebenSat.1 going to be Italian or Czech? A bidder competition has erupted around the company. In the middle: the media empire of the late Silvio Berlusconi. Minister of State of Culture Weimer has concerns.[more]]>
Two major shareholders argue over ProSiebenSat.1. Now the media group is succumbing to the son of former Italian Prime Minister Berlusconi. However, the Federal Government is concerned about journalistic independence.
Berlusconi Family’s MediaForEurope Ups Bid For ProSiebenSat.1
The Berlusconi family’s MediaForEurope (MFE) has upped its bid for Germany’s ProSiebenSat.1 Media. MFE’s voluntary public takeover offer has risen to €4.48 per share in cash and 1.3 newly-issued MFE A shares for each ProSiebenSat.1 share. According to ProSieben, this values its shares at €8.15, based on the MFE-A stock’s price on the Euronext Milans Stock Exchange on Friday. The offer, in turn, prices ProSieben at €2.01B, based on the three-…
In the bidder dispute over ProSiebenSat.1, the Italian media group MediaForEurope is succumbing. In the Federal Government, the move is likely to increase concerns.
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