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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.

Fox One will consolidate content from Fox Entertainment, Fox Sports, Fox News Media, and Tubi, aiming to deliver a broad array of live and on-demand programming. Fox One will not replace Tubi, the two platforms will operate in parallel, with Fox One catering to subscribers seeking premium content and live programming, and Tubi continuing to serve users looking for free on-demand entertainment.

This international platform brings together emerging filmmakers with programmers, distributors, and industry professionals from around the world.

The animated feature film will be released with Arabic subtitles and supported by a regionally tailored marketing campaign designed to resonate with families across the MENA region.

The series is co-produced by Lakeside Animation and Studio Metrafilms, and will be available exclusively for TV broadcasters and streaming platforms.