Get the latest gossip
Berlusconi Family TV Group MFE Makes Lowball Bid For Rest Of ProSieben
MFE-MediaForceEurope, the TV holding of Italy’s Berlusconi family, launched a public tender offer for the remaining stake of Germany’s ProSiebenSat.1 Media.
The takeover offer will be subject to customary closing conditions including market and business-related material adverse change clauses and regulatory approval. MFE — which is led by Pier Silvio Berlusconi, son of the late Italian prime minister and media mogul – is looking to bulk up in the face of competition from U.S. streamers and softer advertising. “As a strong industrial and reliable partner, MFE is committed to provide full support to ProSieben, that would result in long term value creation for all shareholders.”
Or read this on Deadline