Finance
MFE still short of ProSieben majority after rival tender offers
Published by Global Banking and Finance Review
Posted on August 18, 2025
2 min readLast updated: January 22, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on August 18, 2025
2 min readLast updated: January 22, 2026
MFE holds 43.6% of ProSieben shares, short of majority. Rival PPF holds 18.4%. ProSieben shareholders have two weeks to decide. Final results on September 4.
By Alexander Hübner
MUNICH (Reuters) -Italian media group MediaForEurope (MFE) said on Monday it has secured 43.6% of shares in ProSiebenSat.1, still short of a majority, as it builds its stake in an ongoing takeover bid for its German peer.
MFE, owned by the family of late Italian Prime Minister Silvio Berlusconi, seeks to create a combined European television company to challenge U.S. streaming giants such as Netflix and Amazon Prime.
While its offer fell short of a majority, it said ProSieben shareholders have another two weeks from Tuesday to tender their shares.
A rival bidder, Czech investment company PPF, said on Monday it had secured 18.4% of shares in ProSiebenSat.1 through its own offer. That was short of its goal of a 29.99% stake, but PPF remains a major hurdle for MFE's bid.
MFE reported the increased stake following the end of the acceptance period for both offers last Wednesday.
Earlier this month ProSiebenSat.1 recommended its shareholders accept the latest public takeover offer from MFE, which values the German group at 1.8 billion euros ($2.10 billion), abandoning its resistance to the Italian group.
PPF had been the German company's preferred suitor, but PPF said earlier this month it would not raise its offer after MFE sweetened its bid.
MFE has not set a required threshold for its bid, but a majority stake would allow it to consolidate ProSieben into its financial reporting.
ProSieben CEO Bert Habets said on Monday that both MFE and PPF had been important shareholders for a long time.
"With their offers, they have underscored their long-term investment and commitment to our company," Habets said in a statement, adding that final results of MFE's offer would be formally announced on September 4.
($1 = 0.8562 euros)
(Writing by Rachel More, Ludwig Burger and Thomas Seythal, editing by Kirsten Donovan and Susan Fenton)
MFE has secured 43.6% of shares in ProSiebenSat.1.
MFE aims to create a combined European television company to compete with U.S. streaming giants like Netflix and Amazon Prime.
PPF has secured 18.4% of shares in ProSiebenSat.1 but is short of its goal of a 29.99% stake.
ProSieben CEO Bert Habets stated that both MFE and PPF have been important shareholders and their offers demonstrate long-term investment commitment.
The final results of MFE's offer will be formally announced on a date yet to be specified.
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