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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.

According to Ampere, the acquisition would position MFE among the top players in Europe, with €3.6 billion in combined TV ad revenues and a stronger presence in key markets beyond Italy and Spain.

MediaForEurope has confirmed a €1.1 billion minimum offer to acquire full control of ProSiebenSat.1, where it already holds a 29% stake. The offer is priced at €1.06 per share, matching the legal minimum.

MFE offers €5.75 per share to cross the 30% ownership threshold, valuing the German broadcaster at roughly €1.5 billion. The offer is structured with 78% cash and 22% in newly issued MFE 'A' shares.

MediaForEurope has made an offer for TVN's free-to-air business, targeting an EBITDA of around 500 million zlotys ($123.71 million). Polish businessman Michal Solowow, through his MS Galleon fund, and media group WP Holding have also submitted bids, with WP Holding reportedly joining forces with another entity linked to InPost CEO Rafal Brzoska.