The Czech investment conglomerate's offer is a premium to MFE-MediaForEurope's takeover bid, but stopped short of seeking control of the German broadcaster.
Czech investment group PPF on Monday offered to buy shares in ProSiebenSat.1 to lift its stake in the media group to close to 30%, countering takeover plans by the Berlusconi family's MFE-MediaForEuro
ProSiebenSat.1 has lined up defence advisers, including Morgan Stanley , after receiving a takeover bid from its largest investor MFE-MediaForEurope , the TV group controlled by Italy's Berlusconi fam
Shares slumped 12% after MFE said it will offer shareholders the volume-weighted three-month average price.
Shares of ProSiebenSat.1 plunged after MFE-MediaForEurope launched a bid to increase its stake in the German media conglomerate via a public takeover offer.
German media group ProSiebenSat.1 said on Friday it would sell comparison website Verivox to Italy's Moltiply Group for 231 million euros ($250 million) as it seeks to focus more on its core TV broadc
ProSiebenSat 1 Media SE (OTCPK:PBSFF) Q4 2024 Earnings Conference Call March 6, 2025 5:30 AM ET Company Participants Dirk Voigtländer - Head of Investor Relations Bert Habets - Chief Executive Office
ProSiebenSat.1 Media's full-year financial results showed a mixed picture as the German giant this week saw content from public broadcasters ZDF and ARD fall off its streamer, Joyn. Unterfoehring-base
ProSiebenSat 1 Media SE (OTCPK:PBSFF) Q3 2024 Earnings Conference Call November 14, 2024 4:00 AM ET Company Participants Dirk Voigtländer - Head of Investor Relations Martin Mildner - Member of the E
ProSiebenSat.1 Media's shareholders have narrowly voted to reject a plan that would have seen the business split up.
MFE-MediaForEurope, the TV group led by Italy's Berlusconi family, held talks in recent months with various banks ready to fund a potential bid for German peer ProSiebenSat.1 worth up to around 4 bill
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