Published by Global Banking & Finance Review®
Posted on August 12, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleGeneral Atlantic sells its ProSieben stake to PPF, bypassing MFE's higher offer, signaling challenges for MFE's control bid.
MUNICH (Reuters) -Financial investor General Atlantic has tendered its 2.4% stake in German media group ProSiebenSat.1 to Czech investment company PPF, two people familiar with the matter told Reuters on Tuesday.
By taking PPF's cash offer of 7 euros ($8.17) per share for ProSieben, General Atlantic is going against the endorsement of ProSieben's management for a higher rival offer by MFE-MediaForEurope, which is partly paid in MFE shares, indicating that MFE faces some difficulties in its bid for control over ProSieben.
General Atlantic, PPF and ProSieben declined to comment. MFE did not immediately respond to a request for comment.
($1 = 0.8567 euros)
(Reporting by Alexander Huebner in Munich;Writing by Ludwig Burger; Editing by Emelia Sithole-Matarise)
General Atlantic has tendered its 2.4% stake in German media group ProSiebenSat.1.
PPF's cash offer for ProSieben was 7 euros, equivalent to approximately $8.17 per share.
ProSieben's management endorsed a higher rival offer by MFE-MediaForEurope.
General Atlantic, PPF, and ProSieben declined to comment on the decision.
The article mentions that $1 is equivalent to 0.8567 euros.
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