Berlusconi family's MFE bids for German broadcaster ProSieben

, Reuters -  2:08 PM ET 3/26/2025 Company News

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MILAN, March 26(Reuters) - MFE-MediaForEurope, the TV group controlled by Italy's Berlusconi family, has made a cash and share bid as part of a plan to increase its stake in German peer ProSiebenSat.1, it said on Wednesday.

The price offered by MFE, which already owns nearly 30% of the German broadcaster, will be equal to the average price of ProSieben shares over the past three months, the minimum level allowed under German takeover law. The offer will be 78% cash, with the remainder in new MFE A shares.

MFE said it had separately agreed to buy shares from an existing investor that would take its stake above the 30% threshold.

(Reporting by Elvira Pollina Editing by Keith Weir)

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