Milan-based MFE-MediaForEurope announced Thursday that it has cemented its position as majority shareholder of ProSiebenSat.1 Media, seizing a commanding 75.61% stake in the German broadcaster. The holding, valued at roughly $1.8 billion under the company’s earlier $2.4 billion valuation, gives MFE decisive control over one of Europe’s most prominent television groups.
How the Deal Came Together
The majority position was reached through a blend of shares MFE already owned, stock acquired during the voluntary public takeover offer, and additional purchases outside the formal offer. The acceptance period wrapped on Sept. 1, with settlement slated for Sept. 16.
Among the pivotal moves: Czech investment firm PPF IM, previously ProSieben’s second-largest shareholder, tendered about 15.7% of outstanding shares into the offer.
ProSieben CEO Bert Habets praised PPF’s “valuable strategic contributions” over the past three years, crediting the investor with helping accelerate ProSieben’s transformation.
