The €7.00 per share all-cash offer values the stock at a 31.5% premium to its three-month average. PPF currently holds 15.04% and aims to nearly double its stake without triggering a mandatory takeover. With this offer, PPF emerges as a stronger counterweight to MediaForEurope (MFE), the investment vehicle of Italy’s Berlusconi family.
The series, co-produced by Gebrueder Beetz (Leonine) and B&B Film, for Netflix Italy, Arte in France and ZDF in Germany, will be launched during Mipcom.
The late Italian media tycoon and politician Silvio Berlusconi, who died last month at the age of 86 after a battle with leukemia, has given his two older children, Marina and Pier Silvio, combined control of the Fininvest family holding company.