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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.
El conglomerado de Berlusconi firmó un compromiso irrevocable con un accionista existente de ProSieben, en el que este se comprometió a aceptar la oferta de adquisición para una parte de las acciones de ProSieben que posee actualmente.
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.
German broadcaster ProSiebenSat.1 has begun collaborating more closely with fellow European broadcaster MediaForEurope, its largest shareholder, in areas including advertising, technology, and content.
MediaForEurope will have total control of its Spanish and Italian operations, as well as being the main shareholder of the German listed broadcaster ProSiebenSat.1 Media.