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ProSiebenSat.1: PPF challenges MFE with higher offer

  • PPF Group launched a competing all-cash offer on May 14, 2025, to increase its stake in German broadcaster ProSiebenSat.1 Media to 29.9 percent.
  • The offer follows several months of pursuit by Media For Europe , creating a contest amid a turbulent market environment and challenges for ProSiebenSat.1.
  • PPF proposes a €7.00 per share bid, representing a 21% premium over MFE's implied value and a 17% premium over ProSiebenSat.1's closing price on May 9, 2025.
  • PPF CEO JiY `mejc stated, "We put forward a compelling all-cash offer" and plans a more active Supervisory Board role, while ProSiebenSat.1's executive board welcomes this support.
  • The offer allows shareholders to monetize shares immediately without long-term risks and positions PPF for stronger influence without seeking full control.
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ceskenoviny.cz broke the news in on Monday, May 12, 2025.
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