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The additional acceptance period of MFE’s voluntary public takeover offer ended on September 1, and the settlement of the voluntary takeover offer is expected for September 16.

PPF's move effectively hands MFE the driving seat at ProSieben, making it easier for the broadcaster to pursue a combination of the businesses.

ProSiebenSat.1 shareholders, who have not yet accepted the buyout offer, can still tender their shares during the additional acceptance period, which will commence on August 19, 2025, and end on September 1.

The company has welcomed the offer, which underscores MFE’s long-term investment and commitment, and the Executive Board and Supervisory Board recommend its acceptance.

Group revenues declined to €840 million in Q2, adjusted EBITDA dropped 40% to €55 million, but executives expect ad sales to rebound in H2 and reaffirm full-year guidance.