Latest news with #MediaForEurope
Reuters
12 hours ago
- Business
- Reuters
MFE still short of Pro7 majority after rival tender offers
MUNICH, Aug 18 (Reuters) - MediaForEurope (MFE) said on Monday it has secured 43.6% of shares in ProSiebenSat.1 ( opens new tab through a tender offer that was challenged by a rival bidder who secured an 18.4% stake. While MFE's offer fell short of a majority in the Italian media group's bid to take over its German peer, it said ProSieben shareholders have another two weeks from Tuesday to tender their shares. Also on Monday, Czech investment company PPF ( said it had secured 18.4% of shares in ProSiebenSat.1 through its own offer. While that was short of its goal to get a 29.99% stake, PPF remains a major hurdle for MFE's ambition to create a combined European television company to challenge U.S. streaming giants such as Netflix (NFLX.O), opens new tab and Amazon Prime (AMZN.O), opens new tab. MFE, owned by the family of late Italian Prime Minister Silvio Berlusconi, reported the increased stake following the end of the acceptance period for both offers last Wednesday. MFE's offer was not subject to any conditions, but only a majority stake would allow it to consolidate ProSieben into its financial reporting.
Reuters
13 hours ago
- Business
- Reuters
PPF secures 18.4% in ProSieben as competitive bidding comes to a head
Aug 18 (Reuters) - Czech investment company PPF ( said on Monday it had secured 18.4% of shares in ProSiebenSat.1 ( opens new tab through its tender offer, posing a challenge for rival bidder MediaForEurope (MFE), who earlier secured a 43.6% stake in the German media group. MFE, owned by the family of late Italian Prime Minister Silvio Berlusconi, had made a bid for all remaining shares in ProSieben, while PPF had targeted a doubling of its stake in the German group to 29.99%.
Reuters
17 hours ago
- Business
- Reuters
MFE says it has secured 43.6% of Pro7 shares in tender offer
BERLIN, Aug 18 (Reuters) - Italy's MediaForEurope (MFE) said on Monday that it has secured 43.6% of shares in German media group ProSiebenSat.1 ( opens new tab through a tender offer.
Reuters
17 hours ago
- Business
- Reuters
MFE still short of Pro7 majority following tender offer
MUNICH, Aug 18 (Reuters) - MediaForEurope (MFE) said on Monday it has secured 43.6% of shares in ProSiebenSat.1 ( opens new tab through a tender offer, falling short of a majority in the Italian media group's bid to take over its German peer. MFE, owned by the family of late Italian Prime Minister Silvio Berlusconi, reported the increased stake following the end of the acceptance period last Wednesday, with Czech investment company PPF also making a rival offer for the broadcaster. MFE's offer was not subject to any conditions, but only a majority stake would allow the suitor to consolidate ProSieben into its financial reporting. ProSieben shareholders have another two weeks from Tuesday to tender their shares to the Italians. The final result of PPF's competing bid was not yet clear. The investor had secured 18.4% shortly before the deadline, which was also on Wednesday.
Bloomberg
09-07-2025
- Business
- Bloomberg
Berlusconi's Heir Says He's Tempted by Politics, Has No Plan Yet
The eldest son of the late Italian Prime Minister Silvio Berlusconi hinted that he could potentially follow his father's footsteps and seek office one day. 'I've no plans to do that today, but I can't rule it out in the future,' Pier Silvio Berlusconi said at a press event Tuesday near Milan. He currently is chief executive officer of Italy's largest commercial broadcaster, MFE-MediaForEurope NV, a company founded by his father in the late 1970s.
