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.
La nueva propuesta presentada a la Comisión Nacional del Mercado de Valores (CNMV) mantiene el pago de 4.48 euros en efectivo por acción, pero eleva el componente en acciones de 0.4 a 1.3 acciones A del conglomerado por la empresa alemana.
The revised proposal combines €4.48 in cash with 1.3 MFE‑A shares, valuing ProSiebenSat.1 at €8.15 per share—about a 15.8% premium over its July 25 closing price and 24.8% above its pre-announcement level.
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.