ProSieben investor General Atlantic opts for Czech PPF offer, shuns MFE, sources say
By taking PPF's cash offer of 7 euros ($8.17) per share for ProSieben, General Atlantic is going against the endorsement of ProSieben's management for a higher rival offer by MFE-MediaForEurope, which is partly paid in MFE shares, indicating that MFE faces some difficulties in its bid for control over ProSieben.
General Atlantic, PPF and ProSieben declined to comment. MFE did not immediately respond to a request for comment.
($1 = 0.8567 euros)
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