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Berlusconi family gains control of ProSiebenSat.1
Media for Europe (MFE) has increased its stake in ProSiebenSat.1 to 75% following its tender offer. Last week MFE CEO Pier Silvio Berlusconi met with Federal Government Commissioner for Culture and the Media Wolfram Weimer to outline his plans for the company in Germany.
Modest 2H recovery in TV advertising expected
The TV advertising business in Germany is struggling to gain momentum, but looks set to improve in the second half. RTL and ProSiebenSat.1 both have strong growth in streaming business – but this is not yet profitable.
World Cup coup expected to pay off for Deutsche Telekom
Deutsche Telekom has acquired the media rights to the biggest World Cup package of all time, for next year's tournament in the USA, Mexico and Canada. Telekom expects strong interest in sub-licences, and wants to build on its commercial success with UEFA Euro 2024.
PPF launches offer to block MFE takeover of ProSiebenSat.1
The battle for control at ProSiebenSat.1 has intensified. Czech investor PPF aims to double its stake in the group to nearly 30%, matching the shareholding of the Berlusconi family's MFE. PPF has launched a partial offer at a higher price than MFE.
„MFE attempts a backdoor acquisition“
Before the ProSiebenSat.1 annual general meeting on April 30th, a front is forming: Italian major shareholder Media for Europe (MFE) is pushing for an examination of the separation of the commerce and dating businesses. CFO Martin Mildner suspects that MFE is only aiming to gain control on the cheap.Ressorts
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